NAHB makes $1 billion-plus commitment to Las Vegas Convention Center
More than $1 billion in economic impact will be pumped into Southern Nevada coffers thanks to a new agreement between the Las Vegas Convention and Visitors Authority (LVCVA) and the National Association of Home Builders (NAHB) to bring the latter’s yearly International Builders’ Show (IBS) to the Las Vegas Convention Center (LVCC) annually for 13 consecutive years.
“For us, this is a no-brainer,” says NAHB CEO Jerry Howard. “You have the greatest convention facility in the world, which you’re making even better, in the greatest convention city in the world. Why wouldn’t we want to come here permanently?”
Starting in 2027 and stretching through 2039, the new deal is expected to generate an estimated $1.26 billion for the region. The agreement extends the long association between the NAHB and Las Vegas, which has hosted the show 19 out of the past 43 years that the show has traveled around the country, already having brought more than $1 billion to the local economy.
“When I talk to our members around the country, they’re thrilled to be making Las Vegas our home and we look forward to spending a lot of our money here,” Howard says.
“And we look forward to the opportunities that this city will give us to improve the performance of the nation’s homebuilders. On behalf of the women and men who build over 90 percent of the homes in the United States, I want to thank you all for the partnership,” Howard told LVCVA board members at its Oct. 8 meeting, where the agreement was announced.
“We’re really looking forward to a major, major success.”
IBS attracts approximately 60,000 industry leaders every year, including more than 1,400 manufacturers and suppliers, exploring the hottest new products, services and technologies in more than 300 categories.
“Jerry’s members are great customers in Las Vegas,” says Steve Hill, CEO of the LVCVA (which produces Las Vegas Newswire). “Having them here every year moves the needle for Las Vegas. I thank Jerry and his team for their commitment to this market.”
The NAHB/LVCVA deal comes just after the LVCC was named a 2020 Center of Excellence by Exhibitor Magazine. Hill also credits the LVCVA’s board of directors for its commitment to its current expansion project for the convention center district. “This is an example, and a shining one, of how that is paying off,” Hill says. “This would not have been possible without the steps we are taking. … It is a major step for the destination.”