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
Washoe County
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
RSAR Releases 2016 First Quarter/March Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its 2016 first quarter and March 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) … [Read more...] about RSAR Releases 2016 First Quarter/March Existing Home Sales Report
The Children’s Cabinet Recognizes National Safe Place Week
Promoting a safe community for Washoe County youth The Children’s Cabinet recognizes National Safe place week beginning March 22, 2016 with outreach activities: Tuesday, March 22, 11:00am – 12:30pm at the Reno Citi Center and 1:00pm – 2:30pm at the Sparks Citi Center. The Children’s Cabinet will be handing out information to youth, parents and community members and … [Read more...] about The Children’s Cabinet Recognizes National Safe Place Week
Business Indicators: March 2016
The advance estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2015 reports a weak 0.7 percent annualized growth rate. Overall, the U.S. economy increased its size 1.8 percent year-over-year in 2015, down from 2.5 percent year-over-year in 2014. U.S. nonfarm employment continued to grow by adding a less-than-expected 151,000 jobs in January 2016. Even … [Read more...] about Business Indicators: March 2016
Business Indicators: February 2016
The third estimate for U.S. real gross domestic product (GDP) for the third quarter of 2015 reports a 2.0 percent annualized growth rate, revised down from the 2.1 percent rate for the second estimate. Strong consumer spending still remained a main contributor to U.S. economic growth in the third quarter. The continuing Chinese economic slowdown disrupted the U.S. stock market … [Read more...] about Business Indicators: February 2016
Business Indicators: November 2015
The “third” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2015 reports a 3.9 percent annualized growth rate, revised up by 0.2 percent from the second estimate. The Bureau of Economic Analysis stated that a second-quarter increase in real GDP mostly reflected strong consumer spending. More specifically, personal consumption expenditures, net … [Read more...] about Business Indicators: November 2015
Business Indicators: October 2015
The “second” estimate for U.S. real gross domestic product (GDP) in the second quarter of 2015 indicates an annualized rate increase of 3.7 percent, which is a significant upward revision from the advance estimate of 2.3 percent. The Bureau of Economic Analysis stated that second-quarter increases in real GDP mostly reflected strong consumer spending. More generally, personal … [Read more...] about Business Indicators: October 2015
Business Indicators: September 2015
The preliminary estimate for U.S. real gross domestic product (GDP) in the second quarter of 2015 indicates an annualized rate increase of 2.3 percent. Recent Bureau of Economic Analysis revisions state that real GDP increased by 0.6 percent in the first quarter of 2014, higher than the negative 0.2 percent growth in the third estimate. Higher real GDP growth in the first … [Read more...] about Business Indicators: September 2015
Nevada’s Tourism Industry: Going Strong
Nevada’s tourism industry, like several other industries in the state, has experienced a recent uptick in business. For example, just last month, the Reno-Sparks Convention and Visitors Authority (RSCVA) beat out Tampa, Phoenix and San Juan, Puerto Rico, to book the rare 18,000-room American Legion national convention for 2020. Additionally, developers began work on Resorts … [Read more...] about Nevada’s Tourism Industry: Going Strong
Business Indicators: June 2015
The “advance” estimate for first quarter 2015 shows U.S. real gross domestic product increasing at an annualized rate of 0.2 percent. In fourth quarter 2014, real GDP increased by 2.2 percent. Personal consumption expenditures, federal government spending, changes in private inventories and residential investment made positive contributions. Non-residential fixed investment, … [Read more...] about Business Indicators: June 2015