Nevada’s growth has begun to show some signs of slowing in almost all areas of the economy, save housing. The housing market was one of the hardest hit segments of the state’s economy and was expected to rebound following the recession, but the growth in housing prices in the past two years has been nothing short of staggering. Looking forward, the pace of housing price appreciation is expected to slow as supply levels rise, the product mix shifts and the macroeconomic environment within the state moderates, and it seems these conditions may surface sooner rather than later.

In contrast with the housing market, Nevada is already seeing signs of a moderate slowdown in retail sales growth. Taxable retail sales continue to grow in Nevada, with $45.6 billion in sales reported during the twelve months ending in August (latest available data), a solid increase of 5.0 percent from the same period in the prior year. In comparison, taxable retail sales for the trailing twelve-month period increased by 7.7 percent from August 2011 to August 2012.

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