Economists say construction forecast remains steady despite pandemic, stadium completion
By now, the Great Recession’s effect on Nevada seems like a tale as old as time. The financial crisis and burst housing bubble brought construction to a halt, littering the Las Vegas region with half-finished projects.
Before then, Clark County hummed with building activity as homes multiplied in the desert, casinos sprouted on and off the Las Vegas Strip and shopping centers sprang up in suburban locales. In 2006, the construction industry accounted for 1 in 9 jobs in Nevada.
Six years later, in March 2012, construction jobs statewide bottomed out at 49,900, a nearly two-thirds decrease.
“Construction always has higher amplitude — higher highs and lower lows — than the state’s overall economy, which has higher highs and lower lows than the nation’s economy,” said Bob Potts, deputy director of the Governor’s Office of Economic Development (GOED).
Read more: https://thenevadaindependent.com/article/economists-say-construction-forecast-remains-steady-despite-pandemic-stadium-completion
