Monthly Archives: September 2014

RCG Study Featured in Business Voice Magazine

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Click here to check out the latest Business Voice magazine including an article on Question 3 featuring RCG Economics’ recent margin tax report. Business Voice is a monthly publication of the Las Vegas Metro Chamber of Commerce. The article that references our study starts on page 15.  

Huge commercial development coming to North Las Vegas

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By Sandra Gonzalez – Las Vegas: KSNV & MyNews3 As companies look for warehouse space, there are not a lot of vacancies in thevalley. But Prologis, a distribution real estate company wants to change that with a future giant distribution center being built in a matter of months. (READ THE FULL ARTICLE)

Nevada Ranked Fourth Among Solar Producing States

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Solar energy is the fastest growing form of energy generation in the United States, according to a 2013 article in Statista. California reigns supreme when it comes to solar energy generation at state level, according to megawatt (MW) numbers from 2012. Arizona came in second with 710 MW of solar brought online during 2012, while New Jersey came in a… Read more »

Labor Force Participation Rate on the Decline

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A new paper from Brookings says the labor force participation rate (LFPR) will decline to 61% by 2022 – a level as low as the early 1970s. The rate has fallen 3 percentage points — from 66% pre-Great Recession to 63% this year – even as the labor market has shown signs of recovery. The decline,… Read more »

Nevada Economic Indicators Trend Upward While Housing Market Slightly Cools

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Each quarter, the FDIC releases reports for each state showing various economic indicators and trends when compared to prior quarters and prior years. The Q2 report for Nevada shows year-over-year improvement in various measures of unemployment rates while showing a slight decline in new housing starts. Our two cents? The fact that all indicators but housing… Read more »

Las Vegas Realtors Report Fewer Cash Buyers, Home Prices Holding Steady

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The median price of homes sold last month in Southern Nevada held steady at $200,000, while fewer buyers are paying cash for local homes, according to statistics released today by the Greater Las Vegas Association of REALTORS (GLVAR). GLVAR reported the median price of single-family homes sold through its Multiple Listing Service (MLS) during August was… Read more »

Las Vegas in Bottom and Top 10 Metros for Unemployment Stats

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Las Vegas was #4 in the bottom 10 Metros for Unemployment Rate in July – but #2 in the top 10 Metros for Year over Year change in Unemployment, according to a news release from the Bureau of Labor Statistics (BLS). RCG compiled charts of the top and bottom 10 Metros based on BLS data:… Read more »