The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted by 32.9 percent at an annual rate. The substantial contraction in real GDP reflected “stay-at-home” orders to contain COVID-19. Specifically, decreases in consumer spending, nonresidential and residential fixed investment, state and local government spending and private … [Read more...] about Business Indicators
Washoe County
Business IndicatorsMay 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2019 rose at an annual rate of 2.1 percent. U.S. nonfarm employment lost 701,000 jobs in March with a notable decline of 459,000 jobs in the leisure and hospitality sector. Since these figures are based on the first two weeks of March, they only reflected the early effects of the … [Read more...] about Business Indicators
Betting on NevadaGaming Industry Outlook
Nevada’s gaming industry is the biggest employer in Nevada and the most important sector in the state’s economy. In fiscal year 2018, the hospitality industry accounted for nearly 38.9 percent of the state’s total tax revenues and supported 450,100 jobs. While economic development agencies continue their efforts to diversify the Nevada economy, gaming will continue to be its … [Read more...] about Betting on Nevada
Business IndicatorsFebruary 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 grew at an annual rate of 2.1 percent. Overall, strong consumer spending primarily drove real GDP growth in the third quarter, and weaker business investment and imports slowed real GDP growth. U.S. nonfarm employment added a less-than-expected 145,000 jobs in December. The employment … [Read more...] about Business Indicators
Business IndicatorsJanuary 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 expanded at a 2.1 percent annualized rate, revised up by 0.2 percent from the advance estimate of 1.9 percent. The upward revisions reflected less negative business investment, including inventory investment and more positive consumer spending than previously thought, which were partly … [Read more...] about Business Indicators
RSAR Releases February 2018 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its February 2018 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). During February 2018, the report showed Washoe County had 429 sales of … [Read more...] about RSAR Releases February 2018 Existing Home Sales Report
NCJFCJ Elects Judge Egan Walker to Officer of the Board of Directors
(Reno, Nev.) – The Honorable Egan Walker of the Second Judicial District Court, Family Division, Washoe County, has been elected to the National Council of Juvenile and Family Court Judges (NCJFCJ) as secretary of the board of directors. He has served on the NCJFCJ board for two years. “It is a great honor to be elected as secretary of the NCJFCJ by my peers,” said Judge … [Read more...] about NCJFCJ Elects Judge Egan Walker to Officer of the Board of Directors
Nevada Small Businesses Report Growing Confidence In The State’s Economy, Nevada State Bank Survey Finds
77 percent of respondents feel optimistic, compared to 61.5 percent in prior year LAS VEGAS – A recent survey found that small business owners throughout Nevada are increasingly bullish about the coming year, with 68.9 percent believing the U.S. economy is headed in the right direction and 77 percent believing Nevada’s economy is headed in the right direction. The … [Read more...] about Nevada Small Businesses Report Growing Confidence In The State’s Economy, Nevada State Bank Survey Finds
RSAR Releases January 2017 Existing Home Sales Report
RENO, Nev. – The Reno/Sparks Association of REALTORS® (RSAR) released its January 2017 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). During January 2017, the report showed Washoe County had 358 sales … [Read more...] about RSAR Releases January 2017 Existing Home Sales Report
January 2017: Business Indicators
U.S. real gross domestic product (GDP) for the third quarter of 2016 grew at a 3.2 percent annualized rate instead of the 2.9 percent from the advanced estimate. The upward revision reflected higher consumer spending and net exports than previously reported, which were partly offset by smaller-than-expected fixed investment and state and local government spending. The … [Read more...] about January 2017: Business Indicators
Election Results Show Voters and Business Leaders United in Support of Public Schools
Reno - More than half of Washoe County voters agree with many Northern Nevada business leaders that improving public education, including school facilities, will strengthen the business climate of Northern Nevada. On November 8, 2016, more than 56 percent of Washoe County voters approved a permanent sales tax increase to provide funding for school expansion projects and new … [Read more...] about Election Results Show Voters and Business Leaders United in Support of Public Schools
RSAR Releases 2016 Second Quarter/June Existing Home Sales Report
In the second quarter of 2016, the report showed Washoe County had 1,798 sales of existing single-family homes; with a less than 1 percent decrease from last year and a 35 percent increase from the previous quarter. The report listed the median sales price for an existing single family residence in Washoe County in the 2016 second quarter at $305,000; an increase of 9 percent … [Read more...] about RSAR Releases 2016 Second Quarter/June Existing Home Sales Report
RSAR Releases April 2016 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its April 2016 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com) and includes sales of bank-owned (foreclosure) properties. During April 2016, … [Read more...] about RSAR Releases April 2016 Existing Home Sales Report
Education Outlook: Addressing the Tough Questions
Students are more than test scores, they’re the future of Nevada’s population and workforce. Schools are more than buildings, they are part of the state’s economy and essential to economic development. Education is more than learning, the process is dependent on teachers, students, families and the community. For too many years Nevada’s education system has received poor … [Read more...] about Education Outlook: Addressing the Tough Questions
ESA’s Aren’t About Politics — They’re About the Students
If Nevada is serious about improving education throughout the state, it needs to begin focusing on children — not taxpayer-funded bureaucracies. By using students and teachers as little more than political props, the established public school system routinely pressures voters, taxpayers and politicians for an ever-increasing amount of funding. Governor Brian Sandoval used … [Read more...] about ESA’s Aren’t About Politics — They’re About the Students