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Leading Indicators for Southern Nevada |
HenryTo
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Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California
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 Posted: Fri Apr 11, 2008 10:28 pm Post subject: Leading Indicators for Southern Nevada |
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http://cber.unlv.edu/snindex.html
Latest business conditions in Nevada:
http://cber.unlv.edu/cond.html
Latest conditions in the Las Vegas housing market. Believes that the housing market in the Greater Las Vegas area could achieve balance in 12 months:
http://cber.unlv.edu/housing.html
| Quote: | | Clark County's 2008 population growing at 2.5 percent and new construction at 12,000 units would result in increased demand for housing units of about 20,000 units for 2008. With an excess supply of 8,521 and new construction of 12,000 units one would find a markedly different environment than we see. Under this scenario we go from imbalance to balance. On the other hand, construction of more than 12,000 units in 2008 would push back the date of balance into 2009. Of course, uncertainties hinder specifying the path back to balance as there are many decisions made about future residential construction. |
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Leading Indicators for Southern Nevada Replies |
rffrydr
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Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
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rffrydr
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Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
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| Posted: Fri Jan 14, 2011 8:39 pm Post subject: |
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Just got back: the Cosmopolitan, long stalled part of City Center, is fully flowered with a pool/lounge that sets the tone for rooftop partying and valet parking that'll take your breath away.
Meanwhile, the old Tropicana, having timed its sell perfectly in '07, has begun at sorry last, its transformation to swankiness. It's a white on white theme that doesn't have to symbolized excess 
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Today is the Tomorrow you worried about Yesterday! |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California
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| Posted: Mon May 11, 2009 12:39 am Post subject: |
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Latest reading (as of April 30) of the leading indicators for Southern Nevada. Note that some of these numbers (as of February) are relatively stale. e.g. Some of the casinos on the Strip recently commented that both gaming revenues and convention traffic are now seeing signs of stabilization. If that is the case, then the economy of Southern Nevada should start to recover by Christmas or even Thanksgiving:
http://cber.unlv.edu/snindex.pdf
| Quote: | | The Southern Nevada Index of Leading Indicators (SNILI) shows no sign of a turn up that would signal the likelihood of a recovery from the current recession. We see no stop in the steep decline observed over the past year. Each data series used in building the index but two shows double-digit negative percentage change over a year ago. We anticipate a bottoming and turn up in the SNILI six months before the recession comes to an end. |
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