Housing

Housing construction in New Hampshire is failing to meet the demand of would-be homeowners and renters in the state. The vacancy rate for apartments around the state is below 1 %.

ULI Terwilliger Center for Housing / Flickr/CC

A new report from the New Hampshire Housing Finance Authority says the affordable housing market has gotten even tighter this year. The survey polled owners and managers of more than 23,000 market rate rentals across the state, earlier this year. 

The results revealed that rent prices are rising and less housing is available.

  • The median rental price for a two bedroom unit increased 4% since 2018
  • The statewide vacancy rate decreased from 2% to less than 1%.

 

Millennial Home Ownership in the Granite State

Jul 10, 2019

Many millennials are at the age when people begin thinking of purchasing their first home. This generation is distinct in their needs and challenges. We look at why millennials are buying homes, or why not, and their needs, and what they are looking for. 

Property Listing

 

New Hampshire lawmakers are considering a bill to give towns more oversight over sober living facilities.

The facilities rent rooms to people recovering from addiction, with the goal of staying clean and finding community support.

Manchester fire chief Dan Goonan, who helped craft the bill, says in Manchester, there are dozens of unregulated sober living facilities, some without proper exits or fire or carbon monoxide alarms.

In 2019, we make a tentative forecast of the economic trends to watch in the new year. From continued affordable housing challenges in New Hampshire, to tariffs and stock market fluctuations internationally, we look at what indicators you should keep an eye on. 


 

New Hampshire is getting nearly $600,000 in federal funding that will go toward helping reunite children in foster care with their families.

The $544,968 from U.S. Department of Housing and Urban Development was awarded to the New Hampshire Housing Finance Authority. They will spend the funding on 64 vouchers for families whose housing problems contributed to them being separated from their children. The funding's offered through HUD's Family Unification Program. Among those targeted are young people found to be at risk of homelessness.

Getty Images | NPR

New Hampshire’s minimum wage is the lowest in New England. It's the same as the federal rate: $7.25 an hour. Meanwhile, Maine sets its minimum wage at $10; Vermont, at $10.50; and Massachusetts, $11, is on the way up to $15.

For the latest in NHPR's Only in New Hampshire series, listener and lifelong Manchester resident Kathy Staub asked:

New Hampshire is surrounded by states with a minimum wage of $10 or more. How do higher wage commuters impact rents along the border?

Chris Jensen for NHPR

Community members in the Mount Washington Valley are invited to a listening session on housing Monday night.

At the meeting, residents will be asked to imagine new kinds of housing developments for open land in their towns, without the constraints of current local zoning regulations.

Victoria Laracy is Executive Director of the Mount Washington Valley Housing coalition, which is putting on the sessions. She says the region's housing shortage is a big concern for businesses in the area.

AirBnb, an online service that allows homeowners to rent their homes out to short-term visitors, has taken off in the last few years, and has helped foster a new way of travel and lodging. We look at how AirBnb and other rental services impact our housing market, rental prices, and neighborhoods, tourism, and other lodging options.

Todd Bookman/NHPR

There’s a duplex in the town of Hudson, set back from the road, surrounded by trees. One half is vacant; Mandy Whitaker lives in the other half. She admits it’s not much to look at.

TaxRebate.org.uk/Flickr

If you are having trouble buying a home in New Hampshire right now, you are not alone.

New data released by the New Hampshire Housing Finance Authority shows that a dearth of single family homes is driving up prices, with many sellers receiving multiple offers above the listing price.

Annie Ropeik / NHPR

Lakes Region residents got their first look Wednesday night at possible future plans for the former Laconia State School.

The scenic, state-owned property was a state prison, and before that, a residential facility for people with developmental disabilities. 

Robert Garrova for NHPR

In New Hampshire’s increasingly tight rental market, one area where there’s new development is conversion of industrial buildings. It’s a niche market, but one that’s attracting multiple generations of residents.

 

In a parking lot in Manchester, surrounded by a maze of early 20th-Century brick factory buildings just south of the ballpark, Mike Bernier explains how he ended up here.

 

HUD

  New Hampshire housing authorities across the state are set to receive a total of $7.9 million in U.S. Housing and Urban Development funds.

 

HUD says the yearly Capital Fund Allocations will go toward large-scale improvements like roof repairs and upgrades to electrical systems at properties overseen by public housing agencies.

 

Housing Crunch a Challenge For Upper Valley Businesses

May 11, 2018

Affordable homes in the Upper Valley are getting harder and harder to come by. 

That was the headline from real estate experts at a meeting of local business and community leaders Friday morning in West Lebanon.

In the southern region of New Hampshire and on the Seacoast, vacancy rates are low, housing prices are high, and there is a lack of affordable housing for families and young adults. In the northern and western parts of the state, substandard housing remains a problem. As part of the The Balance series on NHPR about the cost of living in the Granite State, we look at why our state continues to have issues, and how some cities, like Londonderry, are turning to mixed community developments. 

This program will air on Thursday, April 26 at 9 a.m., and will be rebroadcast again at 7 p.m.  It was originally broadcast on March 13.

A bill that could double the maximum security deposit for most New Hampshire renters drew support from local landlords at its first hearing Wednesday — but also warnings that it would exacerbate New Hampshire’s already severe homelessness problem.

via woodmontcommonsnh.com

Nearly 300 years since its founding, the town of Londonderry is about the get something it’s never had before.

Private developers are looking to reshape a pocket of town with new shops, housing and the promise of walkability: in short, a classic New England Main Street conjured up from scratch.


Creative Commons

There are some obvious reasons, and some not-so-obvious for why low income people in rural New England struggle to find affordable housing.

For starters, there is simply a lack of inventory, as developers often prefer to build larger homes where there is more potential profit.

But a new study from UNH’s Carsey School of Public Policy finds that town zoning policies often present a roadblock to low-income housing by setting minimum lot sizes in rural communities.

A town in Southern New Hampshire is considering banning 55-and-older housing.

Voters in Pelham will decide the issue during a special meeting this Saturday. The ballot question would also impose tighter zoning regulations on 62-plus housing built in town.

The measure first passed in March, but the town is holding a re-vote because town officials failed to follow proper notification requirements leading up to the first vote.

The issue is stirring a lot debate in the community about what to do about the town’s rapidly aging population.

Pixabay.com

Senior Assistant Attorney General James Boffetti  says New Hampshire should join the 35 or so states that require a license for contractors. 

Speaking on The Exchange, Boffetti said the state’s Consumer Protection Bureau spends an enormous amount of time chasing contractors  who take off with deposits -- without doing any work.   Most often, these involve smaller home improvement jobs -- the construction of a new deck, roofing, or painting. The elderly are particularly vulnerable. 

Mark Moz via Flickr CC / https://flic.kr/p/iugQkX

The U.S. Department of Housing and Urban Development has charged a New Hampshire real estate agent with discrimination, alleging he refused to rent an apartment to families with children in Keene.

The agent, Allan Saari, of Harrisville, denied the charge Wednesday and said he's hired a lawyer.

Rental Housing Costs Continue To Rise In New Hampshire

Jul 14, 2016
Shane Adams via Flickr/CC - http://ow.ly/OJ5Pe

The median rent for a two-bedroom apartment in New Hampshire, plus utilities, is now over $1200 a month - up almost 15 percent from five years ago. 

Brady Carlson / NHPR

  The US Senate is backing an amendment to allow a sober living home for veterans in Manchester to again seek federal funds. 

Courtesy Image

Developers have applied for variances to construct a 38-unit "age-targeted" residential complex for seniors along the U.S. Route 1 Bypass in Portsmouth.

The Portsmouth Herald reports Stonegate NH Construction LLC has asked the city's Board of Adjustment for permission to build the senior housing on the site of a former medical office building on Route 1 Bypass North.

Allegra Boverman / NHPR

It's been fifteen years since the state's unemployment rate was down this far - at 2.7%: good news, but there's concern a tight labor market makes it tough for employers to find workers.  We'll look at that, as well as improvements in the housing market, especially for sellers, and the local impact of global turmoil.

Emily Corwin / NHPR

Summer may be a ways off yet, but in Portsmouth, restaurant owners Matt Louis and Jay McSharry are already anxious about staffing their kitchens. That's because there’s a shortage of line cooks in restaurants all across the country, especially on the Seacoast, where unemployment is particularly low.

“Come May when the beaches open, it’s a mad sprint to make sure you have enough staff to be ready for summer,” McSharry says.

Specspaces via Flickr Creative Commons

A new forecast projects 2016 will have one of the strongest real estate market in a decade. 

Poverty Moves to the Suburbs

Nov 24, 2015
Kayla Wicker / Flickr/CC

Rural and inner-city poverty often get most of the attention, but now, poverty in American suburbia is growing fastest. We're looking at why this is happening, how these trends play out in New Hampshire, and the ways in which low-income struggles here differ.

 

 

 

Guests:

Another Report Shows Strength In October Home Sales

Nov 23, 2015
Specspaces via Flickr Creative Commons

Another set of housing data shows a rise in New Hampshire home sales in October. The latest New England Housing Report from RE/MAX INTEGRA showed there were 1,979 home sales in the state last month.

That number was more than 8 percent higher than the 1,819 sold in October 2014.

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