Construction

ECONOMIC OUTLOOK: Construction & Economic Development

ECONOMIC OUTLOOK: Construction & Economic Development

While some sectors have seen business plummet due to the pandemic, the construction industry seems to be moving ahead as usual in New Hampshire. Both residential and commercial construction projects are still in demand.

“We’ve definitely still seen a steady set of pre-development activity and applications” for funding for commercial projects, notes Katherine Easterly Martey, executive director of the New Hampshire Community Development Finance Authority (CDFA). “That’s been good.”

Tradeswomen Want To See More Females In Construction

Tradeswomen Want To See More Females In Construction

The economic impact of coronavirus has been centered on industries that employ a disproportionate number of women. More women than men have lost their jobs due to the pandemic, with 11.5 million women newly unemployed between February and May compared to 9 million men, according to data from Pew Research Center. That’s different from the 2008 recession, when men were twice as likely to lose their jobs. Hispanic women have been especially hard hit this year, seeing a 21% reduction in employment between February and May.

(When she walks onto a job site, Krista McCullough says she has three disadvantages: she’s young, female, and working in safety. Courtesy photo, Krista McCullough.)