Nevada Construction Sector Building its Way Up

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Nevada’s construction sector is seeing a growth of 9.4 percent in terms of job formation following the state’s economic collapse last year.

According to state Department of Employment, Training, and Rehabilitation, construction has bested nine other super sectors including professional and business services (7.9 percent), trade, transportation and utilities (3.7 percent), and leisure and hospitality (3.3 percent).

PENTA Building Group Chief Operating Officer John Cannito said that “generally, you’re seeing that developers are willing to spend money. It’s a really good indicator that there’s confidence in the market and people are growing again.”

 However, Steve Brown, director of UNLV’s Center for Business and Economic Research expressed that while there is a lot of growth yet to be seen in the coming months, boom-era job-growth rates cannot resurface just yet.

As long as population growth is above average, the building sector could continue to expand.

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