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- 🏗 Las Vegas Construction Industry Sees Steady Growth Despite Challenges
🏗 Las Vegas Construction Industry Sees Steady Growth Despite Challenges
Issue #342 - November 13, 2024
John Wu
13 Nov
Dear SummerSouth Insiders!
🚀Exciting News Ahead & We Need Your Support!🌟
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📆 Weekly Local Events for November 2024
Regular weekly events in or near Summerlin, Las Vegas are listed below.
Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.
Monday
Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)
Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)
Monday Night TRIVIA at ReBAR, 1225 S Main St, Las Vegas: (Every week on Monday @ 7PM)
Tuesday
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW), Cheyenne & Buffalo, 7550 Sauer St, Las Vegas: (Every week on Tuesday @ 6 - 8 PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 7PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
Wednesday
Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)
Early Risers Toastmasters Meeting (In-Person - Summerlin Egg Works / Online Event: 7 - 8 AM (Every week on Wednesday)
Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)
Speakers & Leaders of Summerlin Toastmasters Meeting, Summerlin Egg Works, 2025 Village Center Cir, Las Vegas: 12 - 1:30 PM (Every week on Wednesday)
Thursday
Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Online™ Virtual Chapter Meeting, visit website.
Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.
Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.
Summerlin Bitcoin Happy Hour, SG Bar, 9580 W Flamingo Rd, Las Vegas: 6:30 PM (Every week on Thursday)
Coed Soccer - Summerlin: Crossings Park, 1111 Crestdale Ln, Las Vegas: 7:30 - 9:45 PM (Every week on Tuesday/Thursday)
Friday
Find Your Yoga Las Vegas - Flow & Yin W / Noé Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.
Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)
Saturday
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)
Sunday
Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8 PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
⛽ Las Vegas Gas Prices
🏗 Las Vegas Construction Industry Sees Steady Growth Despite Challenges
Las Vegas’ construction industry is experiencing a strong year, with recent data showing a promising uptick in activity despite ongoing challenges. A report from global construction consultancy Rider Levett Bucknall (RLB) highlights the steady increase in construction projects, particularly in the mixed-use sector.
As of August, 11 construction cranes were in operation across Clark County, up from nine a year earlier. This represents a slight improvement from earlier in 2023, although still below the 12-crane peak in February 2023.
Sector Growth and Mixed-Use Dominance
Major construction projects in Las Vegas are currently led by the mixed-use category, which accounts for nearly half of the cranes in operation. The hospitality sector follows with three cranes. However, sectors such as civil infrastructure and public assembly projects have seen a decline.
While Las Vegas trends slightly below the national average in construction activity, it remains competitive with other U.S. cities. For example, Denver and Washington, D.C., each have 13 cranes, while Toronto, Los Angeles, and Seattle dominate the North American crane index with 83, 42, and 28 cranes, respectively.
National Outlook and Economic Headwinds
The U.S. construction industry is cautiously optimistic, bolstered by expectations of pro-business policies under President-Elect Donald Trump and a recent cut in interest rates. However, challenges such as high material costs, inflation, and tight lending conditions continue to weigh on the sector, according to Deloitte’s 2025 Engineering and Construction Industry Outlook.
Despite these headwinds, Las Vegas is poised for growth, with several high-profile projects in the pipeline.
Upcoming Major Projects
Among the notable developments are the Clark County Commission’s approval of the Las Vegas Executive Airport’s first phase, which will feature a runway, taxiway, private jet terminal, and hangars. Other major projects include:
Hard Rock Hotel and Casino: A guitar-shaped hotel at the former Mirage site.
Bally’s Resort and Athletics Stadium: Located at the former Tropicana casino-hotel site.
Brightline West High-Speed Rail Line: Expected to be operational by the 2028 Summer Olympics in Los Angeles.
NBA-Ready Arena: A potential venue for professional basketball in Las Vegas.
These projects could soon increase the city’s crane index and further boost construction activity. However, competition for skilled labor is expected to intensify as these developments move forward.
Labor Market Challenges
Las Vegas continues to face labor shortages in the construction industry. The state’s construction workforce fell slightly from 124,800 workers in August to 123,700 in September. Nationwide, construction employment has grown by 8.8% over the past year, but month-to-month gains have been limited.
A lack of new workers entering the field and insufficient training programs are compounding these challenges. According to industry experts, improving workforce education and training could help alleviate the labor crunch and support future growth.
Optimism Amidst Uncertainty
Despite the hurdles, the construction industry in Las Vegas appears resilient. A decline in interest rates is expected to spur new projects and provide a sense of stability, encouraging investment in large-scale developments.
As the city continues to expand its portfolio of projects, from luxury resorts to transportation hubs, Las Vegas remains a key player in the national construction landscape.
🏈 Raiders Aim for Offensive Revival with Coaching Shakeup
The Raiders’ ongoing offensive woes have prompted significant changes, starting with the dismissal of offensive coordinator Luke Getsy on Nov. 3. Two days later, the team elevated pass game coordinator Scott Turner to fill the vacancy and brought on veteran coach Norv Turner as a senior advisor. Together, the father-son duo will attempt to revitalize an offense that ranks near the bottom of the league in key statistical categories:
Points per game: 25th (18.7)
Yards per game: 29th (280.2)
Rushing yards per game: 32nd (76.9)
While a complete overhaul is unlikely this late in the season, changes to play-calling, scheme, and personnel could help the Raiders improve in key areas.
From West Coast to Air Coryell
The Turners bring with them an offensive philosophy rooted in the Air Coryell system, known for its aggressive passing game and ability to stretch defenses both vertically and horizontally. Unlike the West Coast system previously employed, Air Coryell emphasizes deep passes, motion, and creating mismatches through pre-snap alignment.
The scheme’s flexibility also supports a strong running game, as demonstrated by Norv Turner’s success with Hall of Fame running back Emmitt Smith in the early 1990s.
Potential Quarterback Change
The first major decision under Scott Turner’s leadership will be choosing a starting quarterback for Sunday’s game against the Dolphins. Desmond Ridder, acquired from the Cardinals’ practice squad in late October, replaced Gardner Minshew during the Raiders’ last game against the Bengals. His mobility could make him an appealing option in an offense designed to capitalize on a quarterback’s dual-threat capabilities.
The Turners have a track record of adapting their scheme to mobile quarterbacks, as seen during their tenure with the Panthers, where they helped Cam Newton achieve one of his most efficient seasons in 2018. They could look to replicate that success with Ridder, who has shown flashes of potential despite a rocky start to his career.
Revitalizing the Run Game
A stagnant rushing attack has been a major issue for the Raiders, whose ground game ranks dead last in the NFL. Improving this facet will be crucial to sustaining drives and keeping defenses honest.
The Turners may streamline blocking schemes and introduce more creative run plays, such as jet sweeps and end-arounds involving wide receivers and tight ends. Their experience in crafting dynamic rushing attacks, particularly in Carolina with Christian McCaffrey, could provide a blueprint for success.
However, the Raiders face significant challenges, including inconsistent play from running backs Zamir White and Alexander Mattison and underwhelming performance from the offensive line.
Maximizing Playmakers
One of the biggest criticisms of the Raiders’ offense has been its inability to consistently involve its top playmakers. The Turners are likely to focus on optimizing touches for players like rookie tight end Brock Bowers, who has been a bright spot this season.
The return of tight end Michael Mayer, expected to practice this week after a six-game absence, could add another dimension to the passing game. Additionally, wide receivers Jakobi Meyers and Tre Tucker could see an increased role, with Meyers fitting the mold of a physical downfield target favored in Norv Turner’s offenses.
What’s Next?
The Raiders face a tough test in the Miami Dolphins, but the revamped offensive coaching staff hopes to make an immediate impact. While major statistical improvements may take time, the team’s ability to make in-game adjustments and better utilize its talent could be key to salvaging the season.
This week’s matchup will provide the first glimpse of what changes the Turners can implement and how the Raiders’ offense evolves under their guidance.
📺 How to Watch the Vegas Golden Knights: 2024-25 TV and Streaming Guide
As the Vegas Golden Knights head into their 2024-25 NHL season, fans may be wondering where and how to watch their favorite team in action. With 70 games airing locally and 12 on national television, the Golden Knights will be available to viewers across various platforms. Additionally, all games will be available on the radio via KKGK (98.9 FM, 1340 AM). Here’s a comprehensive guide to help fans stay up to date with where to catch the Knights this season:
Local Broadcasts: Vegas 34 and KnightTime+
For the second consecutive year, the Golden Knights’ local TV partner is Scripps Sports. This means that 70 of the 82 regular-season games will be broadcast locally on Vegas 34, which can be accessed with an antenna on channel 34.1. This channel is also available on Cox and DirecTV, though Dish Network no longer carries it.
Additionally, all local games will be available on the team’s streaming service, KnightTime+, which offers a convenient option for fans who prefer to watch games on their mobile devices or smart TVs. A season pass for KnightTime+ costs $69.99 and is available on various platforms including iOS, Android, Amazon Fire TV, Roku, Apple TV, and Vizio devices.
National TV Coverage
The Golden Knights will appear on national television 12 times this season, spread across ESPN, TNT, ABC, and streaming platforms like ESPN+ and Hulu. Here’s a breakdown of those national broadcasts:
ESPN — 4 Games
ESPN, one of the NHL’s national TV partners, will air four Knights games this season.
Fans can watch ESPN on Cox (30), DirecTV (206), and Dish (140). It is also available on streaming services such as YouTube TV, Sling TV, Hulu, and fuboTV.
TNT — 5 Games
TNT will air five Knights games, including the season opener against the Colorado Avalanche on Wednesday.
TNT is available on Cox (18), DirecTV (245), and Dish (138). In addition to the live broadcast, TNT games will be available on Max, a streaming service that offers a free sports add-on for a limited time. Three of the games will also have alternate broadcasts on truTV.
Out-of-market fans can watch the March 16 game in Detroit on TNT, but Southern Nevada fans will have to tune into Vegas 34 or KnightTime+.
ESPN+ and Hulu — 2 Games
The Knights’ games against the Edmonton Oilers on Dec. 3 and the Dallas Stars on Jan. 28 will only be available on ESPN+ and Hulu.
ESPN+ subscriptions start at $10.99 per month, while Hulu plans start at $7.99 per month. Both services are available on smart TVs, computers, gaming consoles like Xbox and PlayStation, and other streaming devices.
ABC — 2 Games
ABC will air two Golden Knights games: Feb. 8 at Boston and March 22 against Detroit. Both games will also be available on ESPN+.
How to Listen: Radio Broadcasts
Fans can also listen to every Golden Knights game on the radio via KKGK (98.9 FM, 1340 AM), with play-by-play from Jason Horowitz and analysis from Lincoln Kennedy.
Summary: Your Go-To Guide
70 local games on Vegas 34 and KnightTime+
4 games on ESPN
5 games on TNT (plus truTV for alternate broadcasts and Max streaming)
2 games on ESPN+ and Hulu
2 games on ABC (also available on ESPN+)
Radio: All games available on KKGK (98.9 FM, 1340 AM)
With a mix of over-the-air, cable, streaming, and radio options, Golden Knights fans will have plenty of ways to follow the action throughout the 2024-25 season.
Formula 1 Heineken Silver Las Vegas Grand Prix
Las Vegas Schedule
Race Schedule On Thursday, Nov 21
Formula 1® Practice 1 - 6:30 pm until 7:30 pm PST
Ferrari Challenge Support Race Series - Practice Starting at 8:05 pm PST
Formula 1®Practice 2 - From 10:00 pm until 11:00 pm PST
Ferrari Challenge Support Race Series - Qualifying Starting at 11:30 pm PST
Race Schedule On Friday, Nov 22
Formula 1® Practice 1 - 6:30 pm until 7:30 pm PST
Ferrari Challenge Support Race Series Race 1 - Starting at 8:10 pm PST
Formula 1® Qualifying - From 10:00 pm until 11:00 pm PST
Race Schedule On Saturday, Nov 23
Ferrari Challenge Support Race Series Race 2 - Starting at 6:20 pm PST
Formula 1® Race 2 - Starting at 10:00 pm PST
Las Vegas Strip Circuit™
Spanning 3.8 miles in length, with 17 high-speed turns and two DRS zones, the Las Vegas Strip Circuit™ boasts adrenaline pumping racing set to the backdrop of Las Vegas’ glamour at night. Drivers will reach jaw-dropping speeds topping 215 mph as they jockey for position and race past iconic landmarks, hotels, and casinos and down the legendary Las Vegas Strip.
For General Information - Visit the website.
Entertainment - Visit the F1 website for more information.
Purchase your ticket here.
🏠 Las Vegas Realtors Hopeful for Market Shift After Trump Re-election
With the re-election of Donald Trump, Las Vegas-area real estate professionals are cautiously optimistic about the potential impact on the local housing market. The period of uncertainty leading up to the election had slowed activity, but now buyers and sellers appear to be returning, spurred by renewed economic confidence and a recent interest rate cut.
Market Activity Rebounding
Southern Nevada has faced a sluggish real estate market in recent months, exacerbated by high mortgage rates, limited land for development, and population growth. However, the second interest rate cut in two months, along with increased market clarity following the election, is expected to stimulate activity.
The Federal Reserve’s recent 25-basis-point rate reduction brought slight relief, and some industry experts predict this could encourage more buyers to enter the market, especially if rates continue to decline.
Housing Supply and Affordability Challenges
Las Vegas remains in the grip of a housing crisis, with rising demand and limited supply driving up prices. The city’s unique constraints, including a lack of developable land, have made the situation more acute. Realtors hope the Trump administration will push for deregulation and open more federal land for development, potentially easing supply constraints.
However, challenges persist. Proposed tariffs on imported goods could increase construction costs, potentially making housing less affordable. Additionally, immigration policies that reduce the labor force in the construction industry could further drive up wages and slow the pace of new builds.
Regulatory Landscape
The re-election may also lead to shifts in federal regulatory priorities, potentially easing scrutiny on the real estate industry. Federal agencies like the Department of Justice (DOJ) and the Federal Trade Commission (FTC) have recently focused on anti-competitive practices in real estate, including a class-action lawsuit against the National Association of Realtors (NAR).
NAR’s recent settlement, which included significant changes to how commissions are advertised and negotiated, could face less enforcement pressure under the new administration. This could create a more favorable environment for real estate professionals, allowing market forces to dictate practices.
Mortgage Rate Volatility
Despite positive signals, uncertainty around mortgage rates remains a concern. Market volatility, coupled with expectations of new economic policies, has led to fluctuations in long-term yields, pushing the 30-year fixed mortgage rate to an average of 6.4%.
While further rate cuts by the Federal Reserve could provide relief, experts caution against expecting a return to historically low rates. Mortgage rates are likely to settle in the 5% to 6% range, barring significant economic disruptions.
Optimism Amid Uncertainty
Local Realtors remain optimistic about the future, emphasizing the resilience of the housing market. They acknowledge that while federal policies and administration changes influence the market, other factors such as local government policies, mortgage rates, and overall market conditions play a critical role.
The coming months will be pivotal as Las Vegas navigates its housing challenges amid shifting economic and political landscapes.
Summerlin South, NV Demographics
What is the population of Summerlin South?
What are the employment statistics in Summerlin South?
How many households are there in Summerlin South?
What are the median and average incomes in Summerlin South?
How many homeowners and renters are there in Summerlin South?
What is the level of education in Summerlin South?
What is the marital status of Summerlin South residents?
What are the most common means of transportation in Summerlin South?
Methodology & Disclaimers
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
Zip codes included in this demographic data: 89135
Summerlin Area Command - Week Ending: November 8, 2024
Courtesy of The Las Vegas Metropolitan Police Department.
📌 🏠 Summerlin South - October 2024
*Median Sold Price By Bedroom Count
This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.
Visit here to see the entire report.
📌 ✅ We Want To Spotlight Your Business!
Would you like us to spotlight your local business in front of thousands of Summerlin South area residents in an upcoming issue of SummerSouth Insider?
We ❤️ Local Businesses!
We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "SummerSouth Insider" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Summerlin South together!
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✅Own a local Business? Apply to be featured.
