RCG Economics

08/08/2025

Lots of great speakers will be speaking at the September 11, 2025 InterFace Las Vegas Industrial Conference to be held at DragonRidge Country Club in Henderson. Stay informed with the best & latest CRE & economic news.

04/03/2025

Join the Las Vegas Economic Club to hear Kenneth M. Miller, Ph.D., assistant professor of UNLV Political Science, McKenna Ross, Reporter for the LV Review-Journal & Jon Ralston, Founder & CEO of The Nevada Independent for a very interesting chat

First 100 Days of the New Presidency WHENMay 1, 20255:00 pm7:00 pmAGENDA5:00 pm - 5:30 pm: Register 5:30 pm - 7:00 pm: Program EVENT TYPEReception with Light Hors d'oeuvres LOCATIONPark MGM - Kensington 1-2 Description Join us as the Economic Club of Las Vegas welcomes Kenneth M. Miller, Ph.D., assi...

03/28/2025

This will be a very interesting discussion about the all-important question of the need for land in Southern Nevada in the region's efforts to become more resilient. Very much worth attending.

Industry experts will debate the Las Vegas Valley’s development future at NAIOP Southern Nevada’s April 10 breakfast meeting, “Building Up or Sprawling Out: The Southern Nevada Growth Debate.” The panel includes Frank Maretti, founder of

02/19/2025

This week's Fact Pack highlights: a new Brookings report on the federal debt, recent shifts in defense spending around the world, an analysis of little-known sources of popular foods, centenarians & why they are living so long, wind speed declines putting stress on European energy grids in both winter & summer, global uranium supply & demand.

A few days after last week’s Fact Pack deep dive into the nation’s debt, Brookings published a risk-focused report on the topic that identified sources of a potential debt-driven fiscal crisis, including:  The Congressional Budget Office’s (CBO’s) March 2024 long-term projections of federal...

02/06/2025

The National Oceanic and Atmospheric Administration found that predictions based on studying Punxsutawney Phil, the famed ground-dwelling woodchuck, were accurate 50% of the time between 2011 and 2020.

Happy Belated Groundhog Day to those who celebrate.  We don’t wish to upset any devoted Punxsutawney Phil fans, but we feel it is incumbent upon us to note that Phil’s forecasts in recent years have been about as accurate as a coin toss. Predictions gained by way of observing America’s most f...

01/29/2025

The Census Bureau and HUD estimated 698,000 new single-family home sales in December. This was 6.7% greater than the December 2023 SAAR. This Calculated Risk graph illustrates SAAR new house sales since 1963 (blue bars denote recessions). Click on the link for the full story plus others.

New single-family home sales in December were at a seasonally adjusted annual rate (SAAR) of 698,000, according to estimates from the Census Bureau and the Department of Housing and Urban Development. That count was 6.7 percent higher than the SAAR number in December 2023. This graph from Calculated...

01/20/2025

Bloomberg Finance & Wells Fargo Economists have updated their weekly economic indicator forecasts. The most significant highlights are:

PPI Final Demand (YoY) up from 3.0% to 3.4%
Retail Sales (MoM) down from 0.7% to 0.4%
Housing Starts (SAAR) up by 2.4% from 1,289K to 1,320K

By: Bloomberg Finance L.P. and Wells Fargo Economics (January 10, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: PPI Final Demand (YoY) increasing from 3.0% to 3.4% Retail Sales (MoM) decreasing from 0.7...

01/14/2025

Thoughtful piece by Cameron Belt, RCGs' Director of Research, from Sunday's Las Vegas Review-Journal: "Hamstringing Business." Cameron says the unintended effects of 2023 legislation, aimed at boosting economic development, can create new challenges for firms considering relocating or expanding in NV.

Southern Nevada Tourism Improvement Act may be working against Nevada’s economic development goals.

01/07/2025

Nevada Ranked 48th for YOY Job Growth in November 2024, Down From 1st in 2023. Click on link to learn more.

JOB FLASH REPORT 2024 (Month Indicates Month of Data) November 2024 Job Flash Report October 2024 Job Flash Report September 2024 Job Flash Report

12/29/2024

RIP Jimmy Carter. Thank you so much for your service but most importantly for your decency.

12/19/2024

A very important piece on the critical need for developable land in the Las Vegas MSA to improve community sustainability by increasing the supply of housing & economic development opportunities to improve the region's resilience.

Balancing public land goals is key. Explore how current bills impact conservation, recreation, and development in this insightful Nevada Independent opinion piece.

12/18/2024

The latest weekly Fact Pack from Mike PeQueen-Hightower Las Vegas & John Restrepo-RCG Economics. Critical business metrics for decision-makers & commentary on the latest economic trends. Click on the link to read & subscribe. The annual inflation rate accelerated to 2.7% in November, essentially meeting expectations. Excluding food & energy costs, the core CPI was at 3.3% annually & rose 0.3% from October.

The annual inflation rate accelerated to 2.7 percent in November, essentially meeting expectations. Excluding food and energy costs, the core CPI was at 3.3% on an annual basis and rose 0.3% from October.  As of 12/11/24  Productivity  Total factor productivity increased in 12 major industries in...