Tesla Semi Truck: What It Means for Reno's Housing Market

[Trevor Richardson]

It’s exciting to watch Tesla build something very practical like a semi truck. This is going to be manufactured at the Gigafactory outside Reno at a new facility.

IMPACT ON RENO HOUSING - I believe as Reno enters into vehicle manufacturing the impacts on our housing will again be tested in the coming years. For real estate investors 2023 and 2024 may be the best years to acquire rental property with the coming strain on housing. Unfortunately multifamily starts are down not only here but nationally.

For N Nevada the combination of this two punch, slowing housing starts and this bustling new factory is really going to drive all rents up for rental homes and apartments. This won’t be felt in 2023 or 2024 but it’s coming in 2025.