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02 s ubmar kett ookpl ace i n Cl as sB/ C pr oper t i es .Thi scoul d be expl ai ned by peopl e movi ng f r om ol der pr oper t i es t o newer pr oper t i es wi t hi nt hats ubmar ket .Wes tCent r al negat i venetabs or pt i onwasi nCl as s A pr oper t i es .Agai n,t hi s coul d be expl ai ned by peopl e movi ng f r om newerpr oper t i esi nt heWes tCent r al s ubmar kett onew pr oper t i esi nt he mor eups cal eNor t hwes t / Sout hwes t s ubmar ket . Thr eenew mul t i f ami l ypr oj ect swer e compl et ed i nt he f our t h quar t erof 2015 i nt he Nor t hwes t / Sout hwes t s ubmar ket .Theyt ot al ed 886 uni t s , br i ngi ng year t odat e compl et i ons upt o2, 320uni t s .Anot her383uni t s wi l lbecompl et edi nt heďŹ r s tquar t er of2016, andanot her659uni t swi l l be compl et edi nt heďŹ r s thal fof2016.A t ot al of1, 605uni t sofmul t i f ami l yar e under cons t r uct i on i nt he Val l ey, wi t hanot her1, 345uni t spl annedt o begi n cons t r uct i on wi t hi nt he next t wel vemont hs . As ki ngr ent sf ormul t i f ami l ys t oodat $925peruni ti nt hef our t hquar t erof 2015, i ncr eas i ng by $47 ps f year over year ,andonl y$15peruni t s i ncel as tquar t er .Onewoul dexpect t hatt hi sr i s e came pr i mar i l y as a r es ul t of t he compl et i on of new pr oper t i es , but whi l e Cl as s A pr oper t i ess aw as ki ngr at esi ncr eas e by $4 per uni t , ol der Cl as s B/ C pr oper t i es s aw a $10 per uni t i ncr eas ei nas ki ngr ent s . Unempl oyment i nt he Las Vegas MSAs t oodat6. 5per centasof