Summary
While that reality has plagued NH's residential construction industry for a few years now, commercial contractors only started feeling the effects of the recession and collapsed real estate market in recent months. Business NH Magazine gathered together a dozen contractors, subcontractors and industry experts in February to talk about the challenges, strategies and new initiatives being undertaken by the people who build and remodel NH's houses, offices, schools and factories. The residential market, meanwhile, has been affected for years, especially in 200 when sales of single-family homes dropped 15.2 percent and sales of new construction dropped 39 percent, says Kendall Buck, executive vice president of the Homebuilders and Remodelers Association of NH.
See the full content of this document
Extract
Construction Roundtable
It only takes a drive down any road in NH to see the economy's effect on the construction industry: Building sites with mounds of dirt and half cleared roads, and strip malls with "For Lease" signs that don't come down for months clutter communities.
While that reality has plagued NH's residential construction industry for a few years now, commercial contractors only started feeling the effects of the recession and collapsed real estate market in recent months. Residential. building permits for new construction went from 500 a month in Nov 2005 to a mere 123 in Nov 2008. On the commercial side, the industry was insulated from the economic slowdown for most of 2008, but is expecting lower lease rates and little new building in 2009, according to a Commercial Real Estate Survey by CB Richa...See the full content of this document
Sponsored links
