By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Nonfarm Productivity (QoQ) increasing from 0.2% to 2.8% Unit Labor Costs (QoQ) decreasing from 4.0% to 1.8% Nonfarm Payrolls decreasing by 12% from 206K to 180K READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Existing Home Sales (SAAR) decreasing by 4% from 4.11M to 3.94M New Home Sales (SAAR) increasing by 4% from 619K to 646K Personal Spending (MoM) decreasing slightly from 0.5% to 0.4% READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Retail Sales (MoM) turning negative from 0.1% to -0.5% Industrial Production (MoM) decreasing from 0.9% to 0.3% Housing Starts (SAAR) increasing 2.9% from 1277K to 1315K READ THE ORIGINAL ARTICLE

Why isn’t there more land to develop in Las Vegas? Industry blames BLM By Patrick Blennerhassett Las Vegas Review-JournalJuly 2, 2024 - 6:00 am A former long-time Bureau of Land Management employee said there is nothing stopping the agency from releasing prime land in the valley to help alleviate the current real estate crisis crippling the Las Vegas Valley. Mike Ford, one of the owners of Las Vegas-based Abbey, Stubbs & Ford, a public lands consulting firm, said there are a few magic numbers to keep in mind when looking at this issue. “There’s 2.9 million acres of BLM land in Clark County, and that’s what we really need to focus on because land managed by the other (federal) agencies is generally not available for disposal because it has environmental attributes or it’s part of a congressionally designated special management unit.” Ford said the Southern Nevada Public Land Management Act passed in 1998 identified around 67,000 acres out of the 2.9 million potentially available for disposal in the Las Vegas Valley that could be utilized for either commercial or residential development. He added around 33,000 acres of other small BLM [...]