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Category : Nevada (142)

Construction’s Torrid Job Growth Pace Leads Silver State as State Unemployment Rate Falls to Lowest Level in Nine Years

Nevada’s construction industry continued its torrid employment pace, once again leading the Silver State in job growth rate as Nevada’s overall unemployment rate fell to its lowest level in nine years in December, according to the latest employment report from Nevada’s Department of Employment, Training and Rehabilitation (DETR).

The construction industry’s seasonally-adjusted average employment level in 2016 was 10.4 percent higher than in 2015, representing a gain of 7,200 jobs. The double-digit pace led all industries in Nevada.

DETR reported the Silver State’s construction industry employed 83,000 people in December on a seasonally-adjusted basis. This number is 2,500 higher than the previous month and 11,000 more than in December 2015, a 15.3 percent gain from the same month a year ago.

Specialty Trade Contractors added 7,400 jobs during 2016, a growth rate of 14.1 percent. However, total employment by these contractors declined by 100 from November 2016 to a total of 60,000 jobs. Employment by Specialty Trade Contractors is not seasonally adjusted.

Overall, employment in Nevada during December increased by a seasonally-adjusted level of 3,400. The state’s unemployment rate fell 0.1 percentage points to 5.1 percent, its lowest level in nine years, according to DETR. Average employment during 2016 was 32,500 jobs higher than the average for 2015, a 2.6 percent increase.

“I’m pleased with the manner in which Nevada’s labor markets closed out the year in 2016,” said Governor Brian Sandoval. “Job growth continued for the 72nd consecutive month. We’ve established a new employment record. The unemployment rate fell from a year ago for the 70th straight month. Wages, small business employment, and the number of employers all stand at record highs. I’m committed to our continued momentum of supporting job growth so that every Nevadan is able to find employment.”

DETR reported total employment in Nevada reached its highest level ever during December at 1.31 million jobs. Total employment during the month was 38,300 higher than during December 2015.

Regardless of the Season, We’re Making Our Mark

An important sign that the Las Vegas home construction market is on the rebound is the comeback of master-planned communities. These large developments normally feature a variety of home styles and sizes from several different builders, as well as schools, parks, shopping and other amenities.

As we reported earlier this week, a couple of master-planned communities in Las Vegas made the top 10 in the nation for home sales in 2016.

Builders sold 769 new homes in Summerlin in 2016, up 28 percent from 2015. Buyers also picked up 564 new homes in Inspirada, up 45 percent, according to real estate consulting firm RCLCO.

Among U.S. master-planned communities — sprawling projects with housing, parks and other components — Summerlin was No. 5 for new-home sales and Inspirada was No. 7.

Cooper Roofing & Solar has had a hand in constructing many homes in each of those communities and we featured a recent model complex we roofed in Inspirada earlier this week. And we’ve also played a significant role in keeping Summerlin residents dry, comfortable and safe from the elements as well.

Homes in Summerlin are marked by modern designs and many incorporate a wide variety of roofing styles and products – from concrete tile to standing seam metal to single-ply and much more. The experience, knowledge and versatility of the Cooper Roofing & Solar family are the perfect fit for these homes. The pictures below show our people working on several different projects in Summerlin during recent months.

Summerlin stretches nearly the entire length of the west edge of the Las Vegas valley. The earliest homes were built as far north as Cheyenne Ave. and current tracts extend south of Sunset Rd.

It is the largest master-planned community in the area and home builders have been constructing and selling homes in Summerlin since the late 1980’s. More than 100,000 people live in this master-planned community.

The Cooper Roofing & Solar family is excited to be a part of the economic comeback of Las Vegas and help provide great new homes for local families!

Inspiring News as Las Vegas Housing Market Makes Its Recovery

The housing market recovery in Las Vegas has begun to hit its stride and the trend is looking up. Local home builders sold more homes and pulled more permits in 2016 than the previous year. Last year brought more good news for the industry as well.

Two master-planned communities in the Las Vegas Valley were among the top 10 nationally for home sales last year, a new report shows.

Builders sold 769 new homes in Summerlin in 2016, up 28 percent from 2015. Buyers also picked up 564 new homes in Inspirada, up 45 percent, according to real estate consulting firm RCLCO.

Among U.S. master-planned communities — sprawling projects with housing, parks and other components — Summerlin was No. 5 for new-home sales and Inspirada was No. 7.

Cooper Roofing & Solar is helping bring this recovery to life! Our people are helping to build new homes in both of these communities – providing exciting new homes for Nevada families and helping to keep our economy moving.

We recently completed work on a new model complex in Inspirada, which is located at the south end of the Las Vegas valley in the city of Henderson. Some of our crews are shown installing tile on these models in some of the pictures below.

The story of Inspirada is emblematic of the housing market in Las Vegas over the last decade and a half. The land was originally purchased at auction in 2004 and developers broke ground in 2006.

But the downturn hit the Las Vegas area soon after and sales and construction at Inspirada started slowly. But since 2014, the master plan at the south end of the valley has been making a comeback, and our people are doing their part to make it happen.

Construction Hiring Continues to Lead as Nevada’s Unemployment Rate Falls Again

Nevada’s construction industry continued its near double-digit year-over-year job growth as the state’s overall unemployment rate had its second consecutive 0.3 percentage point drop, according to the November employment report from the Nevada Department of Employment, Training and Rehabilitation (DETR).

The report reveals average employment in the construction industry through the first 11 months of 2016 is 10 percent higher than during the same period last year, a gain of 7,000 jobs on a seasonally-adjusted basis. More than 80,000 Nevadans were employed in the construction industry in November.

Employment by Specialty Trade Contractors is up by more than double-digits (10.6 percent) compared to November 2015, according to DETR. There are 5,700 more people working for these companies than a year ago. In total nearly 60,000 Nevadans work in this subsector of the construction industry. Data for Specialty Trade Contractors is not seasonally adjusted.

Overall the state’s unemployment rate fell by 0.3 percentage points, to 5.2 percent, which DETR states is its lowest level since December 2007. In addition, November marked the first time total employment in Nevada topped 1.3 million as well as the 71st straight month of year-over-year job growth.

The DETR report also delves into data on housing starts for insight into the construction industry. Nevada’s housing starts peaked in early 2006 at about 4,000 per month, falling nearly 90% to about 500 per month at the depths of the downturn in 2010 and 2011. During this time “roughly 100,000 construction jobs were lost in Nevada,” according to DETR. Nevada’s recent recovery in housing starts has outpaced the nation.

Housing starts have been steadily gaining ground since the trough, and currently stand at about 1,300 per month, the highest level of activity since late-2008. About 25,000 jobs have been added back to construction payrolls. So far this year, housing starts are up by more than 25 percent, compared to a year ago. That contrasts to just a four percent gain in the nation as a whole. In fact, housing starts growth in Nevada has exceeded national growth in four of the past five years, typically by a rather wide margin.

Nevada’s governor weighed in on this month’s data.

“As 2016 nears an end, I’m encouraged by the significant progress our state has made as a result of our combined efforts these past six years,” said Governor Brian Sandoval. “The unemployment rate is moving toward 5 percent after peaking at nearly 14 percent in 2010. Unemployment insurance claims are at their lowest level in a decade, and wages and employment are at all-time highs. Looking forward, I’m excited about the direction that Nevada is heading and I remain committed to working with our business community to build a stronger and more resilient economy.”

The report also stated that Nevada’s year-over-year job gains have exceeded national rates for 52 consecutive months.

Near Double-Digit Employment Growth in Construction as Nevada’s Unemployment Rate Falls 0.3 Points

With nearly double-digit growth over the last year, the construction industry once again led Nevada in employment growth rate and the Silver State’s overall employment rate fell 0.3 percentage points to its lowest level since February 2008, according to October’s Employment Report from the Nevada Department of Employment, Training and Rehabilitation (DETR).

October’s 5.5 percent unemployment rate is a full point lower than the rate in October 2015. Nevada’s unemployment rate has fallen on a year-over-year basis for 68 consecutive months, DETR reported.

The average number of jobs in Nevada’s construction industry over the first 10 months of this year is 6,800 greater than the average over the similar period in 2015. This represents a 9.9 percent job growth rate, the highest among any industry in the Silver State.

Construction added 3,600 jobs, on a seasonally-adjusted basis, in October alone. There are 9,200 more construction jobs in Nevada than in October 2015.

Employment by Specialty Trade Contractors increased by 1,500 in October. Job growth in this area of the construction industry outpaced the industry overall, with 7,200 new jobs, a gain of 13.7 percent, added since October 2015, according to the DETR report. Employment figures for Specialty Trade Contractors are not seasonally adjusted.

The report revealed that overall 4,600 more Nevadans were employed in October than the previous month, on a non-seasonally-adjusted basis. With 3,600 jobs expected to be added to payrolls during the month, the state experienced a seasonally-adjusted increase of 1,000 jobs.

Nevada Governor Brian Sandoval responded optimistically to the latest report.

“Nevada’s unemployment rate is dropping because more Nevadans are getting good, sustainable jobs. I am encouraged that the state’s growth spans across multiple, diverse industries and that new businesses continue to move to the Silver State,” said Governor Brian Sandoval. “Our economy is strong, but there is more to be done and we will remain diligent in our efforts to ensure that every Nevadan has access to high quality employment.”

The report also noted some weakness in the month’s job numbers. The 2.3 percent year-over-year job growth rate was lower than prior months although DETR pointed out that year-over-year job gains have occurred in Nevada every month since January 2011.

Bringing Home the Hardware – for Safety!

Cooper Roofing & Solar’s Napoleon Mendez earned the coveted “Glass Ceiling” Award as the outstanding Safety Director at the Inaugural World Wide Safety Awards Luncheon. The entire Cooper Roofing & Solar family took home hardware as well, winning both Roofing Safety Awards – Commercial Roofing and Residential Roofing.

The three combined honors for Cooper were tied for the most of any contractor and demonstrate the commitment to safety that everyone in the Cooper Roofing & Solar family exemplifies every day.

World Wide Safety is one of the largest safety consultants in the United States – operating in several different states. They provide safety consulting to dozens of companies across several different industries and are one of the most respected of all in the construction business.

In addition to offering consulting and training services for subcontractors, they also provide services for general contractors, home builders, project owners and on many large individual projects as well. Their inspectors and trainers are a ubiquitous sight across the Las Vegas area.

The WWS Safety Awards recognized the very best the construction industry in Nevada has to offer with regard to safety.

We are honored to count the winner for the best Safety Director, Napoleon Mendez, among the Cooper Roofing & Solar family. Napoleon is a tireless worker who has taken tremendous initiative to not just obtain the education and training necessary to perform his duties but to go above and beyond in gathering additional knowledge and training himself.

It is this outstanding effort above and beyond the call of the minimum that is required that earned Napoleon this prestigious award. Congratulations, Napoleon, for a job well done, making us all safer!

No doubt, Napoleon’s incredible work contributed to our success in winning both of the Roofing awards presented. But every member of the Cooper Roofing & Solar family should be proud of their effort in earning both the Residential Roofing and Commercial Roofing Awards!

Achieving these honors requires an extraordinary commitment from everyone. All of the elements – education, training, equipment, dedication, focus, investment and a desire to do what’s right – must be present on a consistent and continuing basis to keep us out in front.

Congratulations, Napoleon, and every member of the Cooper Roofing & Solar family, for a fantastic performance! Let’s keep up the great work!

New Addition to the Family

2016-10-11-new-equipmentWe welcome a new addition to the Cooper Roofing & Solar family – our new conveyor truck!

This nice, shiny blue wonder will go a long way toward helping us exceed our customers’ expectations!

In addition to that it will help us to remain the best-equipped roofing company in Las Vegas.

But being the best-equipped isn’t just a matter of pride or a subject of bragging rights. It’s a sign of our commitment to our customers and to our employees.

Cooper Roofing & Solar is willing to make the investments in equipment that improve our efficiency and performance, as well as provide the safest workplace possible for our people. When we talk about equipment, those commitments to our customers and our employers are what we’re really proud of.

Construction Continues Strong Job Growth in Nevada as Unemployment Rate Falls to 6.3%

Nevada’s construction industry remained the leader in the rate of job growth in the Silver State in August while overall the state stopped a skid of three consecutive months of rising unemployment rates with a decline to 6.3 percent during the month, according to the latest monthly employment report by the Nevada Department of Employment, Training and Rehabilitation (DETR).

Average employment in construction during the first eight months of 2016 is 9.4 percent higher than the average for the same period in 2015. This job growth rate is the highest among all industries in Nevada, according to the DETR report.

Construction employment, on a seasonally-adjusted basis, increased by 1,100 in August. The 76,800 construction jobs in August is 6,300 more than the number for August 2015.

Employment by Specialty Trade Contractors is up by nearly double digits in the last year. The 5,200 job increase to 57,900 since August 2015 is a 9.9 percent increase. Figures for Specialty Trade Contractors are not seasonally adjusted.

The state’s overall unemployment rate fell in August after rising for the previous three months. DETR’s chief economist Bill Anderson stated,

“Over the month, a seasonally-adjusted 4,800 jobs were added. Although payrolls were expected to increase by 1,600 (not seasonally adjusted), a gain of 6,400 actually occurred, leading to the seasonally adjusted increase.”

In addition to the job gains in August, the DETR disclosed that July’s employment gain number was revised up, by 6,400 jobs. Including that update, the Silver State added 11,100 jobs in July.

The DETR report also discussed historical data that reveals how hard Nevada was hit by the recent economic downturn.

In the years preceding the economic downturn, Nevada led the country in private sector employment growth, with a growth rate of 6.4 percent in 2005. Conversely, during the recession, Nevada was the most affected state in terms of private sector employment growth. In fact, Nevada’s employment growth was the lowest in the nation in 2009 (-10.1 percent) and 2010 (-2.8 percent).

For the last few years the Silver State has had one of the fastest rates of job growth in the nation.

In 2014 Nevada had the second-fastest growing private sector in the nation, with a four percent growth rate; in 2015 we grew at a rate of 3.8 percent, third in the nation. With data through first quarter of 2016, we see that Nevada had the 11th-fastest growing private sector in the nation, at 3.1 percent. The three leading states are Utah, Florida, and Idaho.

Governor Sandoval weighed in on the latest DETR report.

“I am pleased that Nevada continues to exceed the nation in job creation and I’m encouraged that a majority of our growth is concentrated in full-time positions,” said Governor Brian Sandoval. “Unemployment claims are at the lowest level in a decade which is more good news for our labor market this month. We will continue to focus on economic development opportunities that will lead to quality jobs for residents of the Silver State.”

The report also noted that full-time employment in Nevada has risen by nearly 170,000 since the trough of the recession to a total of over 1 million while part-time employment “has held steady over the past four years, reaching 310,000 in August.”

Construction Hiring Remains Strong, Nevada Adds Jobs But Unemployment Rate Ticks Up

Nevada’s construction industry continues to lead the state in the rate of job growth as the state added 4,700 jobs on a seasonally-adjusted basis, according to the latest employment report from the Nevada Department of Employment, Training and Rehabilitation (DETR). Despite the employment increase, the state’s unemployment rate rose for the third straight month, to 6.5 percent.

Statewide, 75,300 workers were employed in construction, on a seasonally-adjusted basis, in July. This number is a drop of 200 from June of this year but a 5,500 job (7.9 percent) increase from July 2015. Since January of 2016 the industry has added a net total of 1,900 jobs.

Specialty Trade Contractors in the Silver State employed more than 56,000 workers in July. These businesses experienced a double-digit (10.2 percent) employment increase in the past year, though they shed 900 jobs in the month of July. Employment figures for Specialty Trade Contractors are not seasonally adjusted.

The rise in unemployment rate during times of job gains is puzzling to analysts.

Our expectations are that, once the annual benchmark (revision) process is complete in early-2017, updated estimates will likely show the opposite is more accurate, and that the unemployment rate is, in fact, trending down, as it has since 2011, alongside an improving employment situation.

In other good news from the DETR report, Nevada has paid down more than half of the amount due on the bond taken out to repay borrowing from the federal government to cover unemployment payments during the downturn. The magnitude of the downturn depleted the state’s unemployment reserves and Nevada was one of several states forced to borrow from federal funds to pay unemployment benefits during this time.

During the 2013 session the Nevada Legislature created a bond to repay the federal government. To satisfy the bond, the state assessed a temporary increase in unemployment insurance taxes on employers. Payments on the $325.6 million bond began in June 2014.

St. Jude’s Project Featured in Local Report

Giving back is its own reward, but sometimes it generates unexpected benefits. The Boulder City Review dishes out kudos to the companies and organizations, including Cooper Roofing & Solar, that participated in the reroofing and other renovations of several homes at St. Jude’s Ranch for Children in Boulder City.

A charitable donation by multiple groups has given St. Jude’s Ranch for Children a much-needed upgrade.

Five companies HomeAid of Southern Nevada, Cooper Roofing and Solar, Warmington Residential, Boral Roofing and Vision Paint and Drywall donated money, people and resources to help fix the roofs of three of St. Jude’s cottage homes.

The roofing issues plaguing the buildings caused additional problems, resulting in the need for repairs to drywall and paint. With new roofs installed, St. Jude’s was able to address these and make the buildings safer for the children.

St. Jude’s Ranch for Children Grants Manager Jed Blake said the repairs on the roofs were desperately needed. Over the years, the roofs on the buildings weathered to a point of tiles becoming brittle and broken and the damage was causing water to seep through the homes and causing a health hazard for the children, Blake said.

The roofing project was needed for the St. George, St. Francis and St. Louis cottages.

Blake said the children now have a safer living environment thanks to the volunteers.

The new roofs will guarantee a safe and dry living environment for the children for years to come, he said.

In addition to reroofing the buildings, replacing the old clay tile with new concrete tile donated by Boral Roofing, Cooper Roofing & Solar installed new gutters where they were necessary to protect the buildings.

We’re proud to be a part of this project and honored to participate with a great group of construction companies and organizations who put all they could into making this a success for HomeAid Southern Nevada, St. Jude’s and the children they serve.

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