We’ve all been impacted by the economic fluctuations of the past few years, both at home and at work. The construction industry, which is responsible for building the homes we live in, certainly slowed down during the peaks of the pandemic — and yet, it’s also experienced one of the biggest rebounds across service industries.
A New Era of Home Building
There’s lots of evidence pointing to a home building renaissance, starting with hard data from reputable sources. The Bureau of Labor Statistics (BLS) reports an addition of 60,000 construction jobs nationwide, and the steepest hourly pay increase for construction jobs in 40 years. Meanwhile, data from the Associated General Contractors of America (AGC) shows a major increase in construction employment starting in January 2022. Locally, Las Vegas real estate construction experts are expressing a positive outlook based on the industry’s graceful ease into a new normal.
What it Means for Homebuyers
Of course, homebuyers are impacted by the industry resurgence as well. The inventory of homes will continue rising — and as inflation decreases, the cost of building materials will decline as well. Ideally, this will make for a more affordable real estate market in Las Vegas. But until that happens, homebuyers and new homeowners need to know about services that remain affordable to them.
One of them is home security, which continues to be a service that is accessible to those purchasing a home. Unlike lumber, steel and copper, home security has not spiked in cost hundreds of times over; Las Vegas home security, which is what we provide at Sting Alarm, has remained affordable as well. That’s good news for those who care about protecting the investment they’re about to make, especially in a time of inflated home prices.
The High Cost of Neglect
Neglecting to protect your property with home security comes with a high cost. According to official Las Vegas Police Department data, there have been more than 5,600 crimes of burglary or breaking and entering so far in 2022. Statewide, the insurance data firm Zebra reports that there are 368 home burglaries for every 100,000 residents in Nevada.
According to FBI and Department of Justice information, home burglary costs homeowners $2,800 on average. Monetary loss is just the beginning; the mental and emotional toll of home burglary can be great, especially in a precarious time in society.
Inquire About Las Vegas Home Security Now
Whether you’re looking to buy a home or have recently purchased one, it’s the right time to invest in home security. Sting Alarm has options that make sense for today’s local Las Vegas homeowners; call us today to find out how we can help you protect your property from burglary, while also helping you preserve your peace of mind.
Sting Alarm is your go-to home security expert in Las Vegas. Let us help you customize your home security system with the features and technology you need and protect the things (and people) that matter most. Call us at 702.737.8464 today.