NH economist lowers forecast for 2026
A key New Hampshire economist has trimmed down to 2.2% his forecast for the growth in the state's economy this for 2026, citing lackluster consumer confidence and the uncertainty of the U.S. war against Iran.
Future construction pace continues slide
The pace of future construction slowed dramatically in September, with double-digit drops in the number of contracts seen across all categories.
According to figures from industry information service McGraw-Hill Construction, the total value of future construction contracts reported in New Hampshire in September was $100.5 million, some 38 percent lower than the $162.3 million reported in September 2009. In August 2010, the total value of contracts was $137.6 million.
The value of future residential construction contracts reported in September was $42,.1 million, 36 percent lower than the $65.9 million reported a year earlier. A month earlier, the total was $45.2 million.
The value of nonresidential construction contracts fell by 21 percent in September, with $$38.8 million reported, compared to the $49 million reported in September 2009. In August 2010, contracts totaled $63.6 million.
Nonbuilding contracts — for roads, bridges and similar projects — totaled $ $19.6 million, about 59 percent lower than last September’s $47.7 million. In August, the dollar value of future contracts was $28.8 million.
Thus far in 2010, a total of $1,62 billion in future construction contracts has been reported, 5 percent more than the $1.54 billion reported in the same period a year earlier. — JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW
