Fueled by the growth of its computer, biotech and financial industries, and facility spending by some of its largest universities, Boston is enjoying a construction renaissance that is by some measures the most building the Hub City has seen in decades. Two key construction metrics are particularly impressive — contractor employment is up 10% year-to-date, and multi-family starts are up 35% at 6,247. Along with all of the office buildings and condo towers under construction or planned, the rest of New England is enjoying a diverse mix of business. Most of Boston’s suburbs are also seeing double-digit growth in construction; wind farms are under construction in Maine and Rhode Island; Connecticut is enjoying some university and medical construction and a $750 million mixed-used development in Bridgeport; and Rhode Island has a $700 million gas-fired power plant on the drawing boards in Burrillville.
ELECTRICAL WHOLESALING'S SALES FORECASTS
FOR THE NEW ENGLAND REGION
Massachusetts and Connecticut account for more than 70% of distributor sales in New England.
EMPLOYMENT IN KEY CUSTOMER GROUPS IN THE NEW ENGLAND MARKET
You can use the employment data below to calculate sales potential for key customer groups by region, state and Metropolitan Statistical Area (MSA) by using this data and Electrical Wholesaling's 2016 Sales Multipliers. Read through our introduction to the Electrical Wholesaling 2016 Market Planning Guide for some guidance on using these figures.
