![]() | ||
![]() |
||
![]() | ||
![]() |
||
The US Bankruptcy Court in Manchester received 494 filings in July, which is a fifty-percent increase from July 2008. This July also marked the most bankruptcies of any month since 2005, when an expected change in the law prompted a spike in filings. Bankruptcies so far this year are thirty-one-percent higher than they were at this point last year. Sixteen of those that filed were businesses, which is the highest monthly total so far this year.
New Hampshire Business Review lists all sixteen companies that filed in July. http://www.nhbr.com/apps/pbcs.dll/article?AID=/20090811/NEWS06/908109961
In her recent story about the ground breaking for the Seabrook drinking water plant, NHPR's Amy Quinton made an important point. She noted that of 56 drinking water projects in the state, only about 25% of them are under contract, that is, in the hands of contractors who will then do the work. This gives a sense of when one can expect jobs to appear based on these bricks and mortar projects.
When looking at the impact of the stimulus, the general forecast is that direct job creation will peak in the spring of 2010.
Declining home prices continue to help residential sales in New Hampshire. Prices are down about 11 percent and sales for the year are a hair above what they were in 2008.
Real estate agents are pleased with the October numbers. After a grim period stretching from last fall to early spring, there’s been a consistent if modest upward trend. The number of homes sold last month rose compared to this September and compared to October a year ago. The data come from the New Hampshire Association of Realtors.