Newspaper article from our research archive:

Indications are housing slip dragging on local economy.

Byline: Hubble Smith

Sep. 8--Southern Nevada's economy, dragged down by the slumping housing industry, posted another month of modest performance.

New and existing home sales dropped 40 percent and new home permits are off by 45 percent, contributing to a 0.11 percent decline in the Southern Nevada Index of Leading Economic Indicators.

The index, compiled by the Center for Business and Economic Research at University of Nevada, Las Vegas, stood at 133.18 in August, compared with 133.24 the previous month. It is up from 132.26 in August 2006.

Seven of the data series were negative. The positive indicators were passengers at McCarran International Airport, ...

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