Las Vegas, NV: A Top Local Market to Watch in 2027
The Las Vegas-Henderson-Paradise, NV, MSA, may have lost some of its residential building mojo from a few years back when it was one of the nation’s leaders in residential construction, but the metro is still attracting new residents at a rapid rate and never has a problem convincing real estate investors that the Las Vegas Strip could use one more mega-casino.
The difference this time around is the addition of some interesting new projects that we don’t normally see in Vegas, including a $1.75-billion MLB baseball stadium now being built and the multi-billion-dollar high-speed rail that will connect Las Vegas to eager gamblers riding in from Southern California. Toss in the $10-billion Starr Vegas sports and entertainment development proposed for a location near the Las Vegas Strip and you can why hopes run high for a new riches in Las Vegas construction circles.
Other billion-dollar projects in the pipeline include the $4-billion redevelopment of the Mirage Hotel and Casino into the Hard Rock Las Vegas; $1 billion in redevelopment work at the Harry Reid Airport and the $1-billion Intermountain Nevada Children's Hospital hospital project.
ESTIMATED ELECTRICAL SALES
2Q 2026 Total Sales Estimate: $1,205.8 million
2026 Electrical Contractor Est. ($ Millions): $881.5 million
2026 Estimated Industrial Sales: $83.1 million
POPULATION GROWTH
2025 Population Estimate: 2,407,226
2020-2025 Population # Change: 131,393
2020-2025 Population % Change: 5.8%
New Residents per day: 48
BUILDING PERMITS
June 2026 - Single-family (SF) permits: 3,962 permits
# Change SF YOY: (1,339) permits
% Change SF YOY: -25.3%
June 2026 -Multi-family (MF) permits: 561 permits
# Change MF YOY: (1,774) permits
% Change MF YOY: -76%
Electrical Wholesaling's Top 10 Local Markets to Watch gives you a taste of the mountain of electrical market sales estimates and other local market data available at Electrical Marketing newsletter for just $99 per year. This data includes:
- Local market sales estimates, building permits and population data for more than 300 other Metropolitan Statistical areas
- The Electrical Price Index (EPI) - A monthly compilation of pricing trends for more than 20 key electrical product groups
- Annual product sales estimates from 16 key electrical products
Sources of market data: Local market data collected by Metropolitan Statistical Area (MSA) and county. Sales estimates developed with sales-per-employee multipliers from Electrical Wholesaling’s Market Planning Guide ($83572 per electrical contractor employee and $2,7289 per industrial employee) and employment data from the U.S. Bureau of Labor Statistics. Building permit and population data downloaded from U.S. Census Bureau website.
About the Author
Jim LucyJim Lucy
Editor-in-Chief
Over the past 40-plus years, hundreds of Jim’s articles have been published in Electrical Wholesaling and Electrical Marketing newsletter on topics such as the impact of new competitors on the electrical market’s channels of distribution, energy-efficient lighting and renewables, and local market economics. In addition to his published work, Jim regularly gives presentations on these topics to C-suite executives, industry groups and investment analysts.
He recently launched a new subscription-based data product for Electrical Marketing that offers electrical sales potential estimates and related market data for more than 300 metropolitan areas, and in 1999 he published his first book, “The Electrical Marketer’s Survival Guide” for electrical industry executives looking for an overview of key market trends.
While managing Electrical Wholesaling’s editorial operations, Jim and the publication’s staff won several Jesse H. Neal awards for editorial excellence, the highest honor in the business press, and numerous national and regional awards from the American Society of Business Press Editors. He has a master’s degree in Communications and a bachelor’s degree in Journalism from Glassboro State College, Glassboro, N.J. (now Rowan University).