According to New Hampshire Business Review, Non-Residential Contracts in the State (manufacturing buildings, commercial buildings and hotels) were down 35% from this time a year ago.
However, Residential Construction saw a 9% increase from February 2007.
The whole picture shows Total Future Construction Contracts are down some $13 million from 2007!
The Commercial Sector was definately the hardest hit...down 55% in future contracts from a year ago.
The only significant gains were in Future Infrastructure Construction (roads bridges etc.) Those projects grew over 74%!
It would seem that after the seeming immunity from the past volatility of the Residential Market...the Commercial segment has caught up!
Concord New Hampshire Realtor Area Information
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Joan Mirantz - Joni is a Realtor® with Keeler Family Realtors, a locally owned, Customer Service oriented Firm.
Joan Publishes a monthly Newsletter "Food For Thought" under the pen name Realtor Sherpa.
(Joan also answers to Miz Maven and Miss Joni.)
Joan works in Buyer and Seller Representation with concentrations in the Merrimack Valley Area and towns surrounding Concord NH - the Capital City.
"I love what I do, and it shows in how I do it"
Great news thanks for sharing!
Joan
Is there any new construction going on by you?
Sincerely
tom Braatz