Never mind that unemployment in the Valley is a result of the foreclosure crisis that has halted home construction, the recession and financial crisis, the drop in dairy prices, the drought, and other massive economic factors, with environmental protections playing only a small role.
In fact, the study found, the remodeling market held up far better than housing construction during the recession, with annual spending still close to $300 billion.
The first sectors affected by this recession, construction and manufacturing, were disproportionately male; recent job losses have been coming from parts of the economy where women make up a higher proportion of the work force.
The Royal Academy of Engineering says the UK needs to at least double the number of engineering graduates by 2020 to meet demand, with the industry needing an extra 830,000 professionals to replace those who left engineering and construction during the recession.
In White Plains, near the Greenburgh border, Alfred Weissman Real Estate is placing its hopes on 287 Corporate Plaza, an unfinished building that was abandoned in the early phase of construction during the recession of the early 1990's.
Given the lull in residential construction since the recession, Mr. Cestero said the city was expecting that large-scale developers, like Avalon Bay, Douglaston Development, Related Companies and Gotham, as well as the city's traditional builders of affordable housing, would compete for the first two construction sites at Hunters Point.
"The question is: Will the savings be passed on to the public in some form?" Mr. Ratner began exploring modular construction during the recession in 2010 as a way to make good on his promise to use union labor, deliver good architecture and earmark at least 30 percent of the proposed 6,430 units for low- and moderate-income tenants.
The bleeding may have finally stopped in construction, where the recession has been particularly devastating.
Since the start of the recession, construction has lost 1.6 million jobs.
With an economy previously bolstered by real estate and construction, the Great Recession took a heavy toll on the city's housing sector.
