In addition to the Leading Economic Index for the overall Reno MSA economy, we are introducing three specialized indices: Construction, Business Activity, and Single-Family Housing. These are areas that drive the Reno MSA economy and deserve special attention. These indices, along with a discussion of index trends, will be updated quarterly as part of our Industry Dynamics Reports.
This week, we are introducing the Construction Index for the Reno MSA. The full Construction Dynamics Report can be found on our website by following the link provided below. Some of the findings of the index for 3Q 2015 are summarized below:
-Reno MSA Construction Index, based on seasonally and inflation-adjusted data, decreased by 7.63% between the 2Q and 3Q 2015, indicating a decline in construction activities in the region.
-However, year-over-year, the Index grew by 11.99% for 3Q 2014 and 2015.
-Prior to the recent decline, the Index experienced 11-quarters of growth between 3Q 2012 and 1Q 2015.
Clink here for the full copy of the Construction Dynamics Report-Reno MSA for January 2016.