NATIONALLY, BUILDERS SPENT MORE ON
SINGLE-FAMILY HOMES, APARTMENTS AND
REMODELING PROJECTS AS CONSTRUCTION
ROSE 1.2 PERCENT IN NOVEMBER.

This was the third increase in the
last four months. For November, strength
was seen in housing and government spending.

Nonresidential spending fell, reflecting
declines of office buildings and shopping
centers, although Las Vegas has seen several
national food chains open for the first time,
building large new stores.

Dollar General has recently opened 5 markets
in Las Vegas, Graziers is about to open it's
second huge market in Henderson, and WinCo
Foods is currently building a gigantic store
in Henderson.

In Las Vegas, new home construction is down
significantly from where it was 5 years ago
said a local Research firm, " the national
picture will have to improve before Las Vegas."

"The housing recession is not over but the
good news is it's going in the right direction."

New homes represent less than one-fifth of
the housing market but have a great impact
on the economy generating jobs and about
$90,000 in taxes according to the National
Association of Realtors.

"Builders are struggling to compete with
weak demand beause of high unemployment
and a glut of homes on the market because
of foreclosures and short sales -- where
lenders accept less for a house or condo
than the mortgage is worth.

These homes and condos are selling for an
average discount of 20 percent.