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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.

Looking Back…And Looking Up

We’re all looking forward to a spectacular new year! As we conclude the first week of 2017, we’ll start to take a look back at some of the projects we worked on in 2016. One interesting project Cooper Roofing & Solar completed in 2016 causes us to look even further back…and way up.

The Residence Inn on South Las Vegas Boulevard is a 4-story structure topped by a pitched roof but also with some flat roof areas thrown in for good measure. We installed concrete tile on the pitched roofs and TPO on the flat roof sections.

Cooper Roofing & Solar began work on this project over a year ago and completed the bulk of the roofing work in 2015. However, a lot more goes into a building of this size and the full project wasn’t completed and the facility wasn’t open for business until the summer of 2016.

This project presented a number of unique and challenging features. The most prominent challenge was the sheer height of the structure. Working at four stories (and higher as the roof pitches up) changes the game regarding equipment, installation specifications, planning, and, of course, safety.

The roof pitch of this building at that height magnified some of the challenges. But it’s nothing we hadn’t encountered before and the experience of our people showed through. The performed with flying colors, as the final product displays.

The completion of this project represents another place for visitors to Las Vegas to reside in in comfort during their stays – so businesspeople can remain productive and tourists can fully enjoy the experiences Southern Nevada has to offer. It also represents another outstanding performance by the people of Cooper Roofing & Solar!

‘Tis the Season

For giving – to family, friends and the community.

It is a pleasure and an honor to help HomeAid Southern Nevada and Neighborhood Housing Services of Southern Nevada with refurbishing apartments “to help individuals and families transitioning out of homelessness.” Working with an outstanding group of trade partners we helped complete a recent build project furthering this mission.

We replaced the roofing, including plywood sheathing, and installed a new single-ply system to help protect the residents from the elements. In addition we replaced the walking deck surfaces on the balconies. Overall build partners donated a total of more than $100,000 in time, labor and materials on this project to help the homeless.

But this represents just a sliver of the good HomeAid Southern Nevada performs in our community. They’ve already completed renovations on two earlier buildings in this complex alone, with Cooper Roofing & Solar installing new walking deck coatings.

In addition, HomeAid Southern Nevada completes a number of projects throughout the community to help the homeless.

HomeAid Southern Nevada is just one of the community organizations we support, and encourage you to support as well, both during the holiday season and beyond. Please check out our Giving Back page for even more worthy groups and projects that could use your support and will certainly put it to good use!

Merry Christmas and Happy Holidays!

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.

The Most Wonderful Time of the Year!

The 2016 Christmas party was once again a most wonderful time for the Cooper Roofing & Solar family!

We had fantastic food from Fox Smokehouse BBQ, excellent raffle prizes from the best suppliers in the business and a whole lot of fun, smiling faces and laughs. The party was a fitting way to top off 2016, another great year for Cooper Roofing & Solar.

Fun All Around!

Last Friday we held our annual company Christmas party, celebrating a fantastic 2016!

It was filled with fun and great food (from Fox Smokehouse BBQ) and laughter. And the raffle is always a hit!

Here are just a few scenes from this celebration. We’ll have much more on this in the coming days.

Need a Job? The Construction Industry is Hiring!

The construction industry across the country, and especially in Nevada, is continuing to grow and looking for skilled workers.

According to the National Association of Home Builders’s Eye on Housing website, residential construction employment grew again in November in the US and the number of unfilled construction jobs nationally remained above 200,000, an elevated level.

The open position rate (job openings as a percent of total employment) for October was 3%. On a smoothed twelve-month moving average basis, the open position rate for the construction sector increased to 2.7%, setting a cycle high and surpassing the top twelve-month moving average rate established prior to the recession.

Recent employment reports, both nationally and in Nevada, show strong employment growth in the industry.

Monthly employment data for November 2016 (the employment count data from the BLS establishment survey are published one month ahead of the JOLTS data) indicate that home builder and remodeler net hiring jumped significantly, as sector employment increased by 19,600…Over the last 12 months home builders and remodelers have added 120,000 jobs on a net basis. Since the low point of industry employment following the Great Recession, residential construction has gained 658,000 positions.

The construction industry was hit especially hard by the Great Recession. But employment growth has been some of the strongest of any economic sector during the last few years.

In Nevada, the number of both residential and commercial construction projects has been growing and companies are looking for more and more skilled people to help them meet demand.

Settling into a New Home

As the construction industry in Nevada has grown, so have we. We recently began to look for a new home to better accommodate the Cooper Roofing & Solar family and better serve our customers. And we found one!

So we packed up all of our things and moved to a brand new office, yard and shop. Not exactly brand new, but brand new to us.

Our new home should allow us to improve the service we offer our customers. It contains considerably more space for our trucks, machines and equipment. And even some room to grow.

We will continue to serve our customers with our in-house sheet metal shop. This piece of our business cuts down on waiting times for this vital element in the roofing process as well as allows us to fill customized orders our competitors can’t match!

Welcome to our new home and to this new chapter of Cooper Roofing & Solar.

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