FLASHPOINT for Nov 14, 2007

Wednesday, Nov. 14, 2007 | 7:26 a.m.

Everything's fine in the Nevada construction industry - that is, if you don't count residential construction. That's the message from the Associated General Contractors this week after it commissioned a study by Applied Analysis. "Hotel-casino, office, retail and industrial construction maintained its torrid pace, offsetting continued softness in the residential market," began a news release from the AGC. Good to know because, as the AGC newsletter puts it: "After three years of higher-than-average development volumes, single-family and multifamily permitting are down 46 percent and 56 percent, respectively, during the past 12 months ... this trend will continue to worsen in coming months." But at least everything else is doing well.

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