Is the Las Vegas building boom over?

 |  from Reed Construction Data:Notes from Jim Haughey

The value of non residential building construction starts in Los Vegas doubled in 2007, primarily for hotels and retail, but is slipping faster than in the rest of the US in the last three month even with more than $1 billion of hotel contracts in March. Combined with the city’s deep housing recession and the state’s severe budget crisis, the outlook for nonresidential building construction has turned from super boon to a possible bust.