Economy

New Hampshire rental availability rate well below national averages

BY: - August 4, 2022

For years, New Hampshire has had an unsavory distinction: the state with one of the lowest rates of rental availability around.  The national rental vacancy rate is 5.8 percent, according to the U.S. Census Bureau. The average in the Northeast is 4.9 percent. The target number recommended by housing economists as a sign of a […]

Much of $3 million in pandemic aid for restaurants remains unspent

BY: - July 22, 2022

Blue Harbor Coffee was four months old when COVID-19 first arrived in New Hampshire, and business was strong.  It was about to get stronger. As Gov. Chris Sununu issued an executive order closing down indoor dining and officials urged residents to stay at home, many restaurants found themselves challenged by dwindling customers and departing employees. […]

Unemployment rate reaches record low 2%

BY: - July 21, 2022

New Hampshire’s unemployment rate has reached a record low with only 2% of the labor force unemployed. This rate is also significantly lower than the national average unemployment rate of 3.6%.  Of the 764,620 people in New Hampshire’s labor force, only 15,540 are currently unemployed, according to Richard Lavers, deputy commissioner of New Hampshire Employment […]

$50 million for building out broadband

BY: - July 19, 2022

A program to spend $50 million to build broadband infrastructure is up for a vote before the Joint Legislative Fiscal Committee on Friday.  The Broadband Connect Program is designed to reach residents and businesses who lack access to high-speed internet by incentivizing internet service providers to build additional infrastructure to cover remote parts of the […]

Amid hiring woes, lawmakers approve state employee retention programs

BY: - June 23, 2022

State lawmakers have approved a pair of programs that officials say will help them recruit and retain employees during a difficult hiring period. In a series of votes Friday, the Joint Legislative Fiscal Committee approved the creation of a referral program to incentivize current state employees to bring on new employees in the next year […]

Sununu signs bill that makes changes to youth employment rules

BY: - June 20, 2022

A bill signed by Gov. Chris Sununu lowers the age limit for students to bus tables where alcohol is served from 15 to 14 years old. It also increases the hours most 16- and 17-year-olds can work when they’re in school.  Senate Bill 345, which took effect Friday, was supported by the New Hampshire Lodging […]

Mortgage rate increases, designed to cool market, create new headwinds for homebuyers

BY: - June 15, 2022

Ron Magoon has a stark description of the home mortgage market for small New Hampshire banks these days. It’s “pretty much dried up,” the president and CEO of Franklin Savings Bank said.  Home prices continue to ride all-time highs in the state, and cash purchases that don’t require financing continue to dominate home sales. Inflation […]

Taylor Caswell sits at a table during a committee session

Fiscal Committee approves $100 million housing grant program; plan moves to Executive Council

BY: - April 15, 2022

The New Hampshire Joint Legislative Fiscal Committee approved a $100 million, federally funded housing investment plan Friday, a critical step for a proposal touted by Gov. Chris Sununu as a means to increase rental capacity and workforce housing. Voting 8-2, the committee signed off on a program to devote $60 million to matching grants for […]

An open house sign with attached balloons on a rural road

New Hampshire median home price hits $440,000 in March, up from $300,000 in 2019

BY: - April 11, 2022

The median price for a new home in New Hampshire continues to skyrocket, hitting a record $440,000 in March, according to the latest monthly snapshot from the New Hampshire Association of Realtors.  The $440,000 median sale price is up 20.5 percent from the same period last year, according to the association. Townhouse-condo properties hit a […]

Bill on short-term rentals ratchets up a fundamental debate in N.H. communities

BY: - April 11, 2022

The short-term rental opponents came armed with anecdotes.  Short-stay homes and apartments – such as properties rented through Airbnb and Vrbo – have brought busloads of rowdy students from Harvard to downtown Sunapee, and have sparked verbal altercations over use of the town beach, select board members testified at a hearing Thursday. They’ve caused some […]

Gov. Chris Sununu

Sununu administration releases more details on $100 million housing plan

BY: - April 8, 2022

New Hampshire’s Department of Business and Economic Affairs released an official glimpse of Gov. Chris Sununu’s $100 million housing plan Wednesday, noting that the program “specifically will demonstrate a preference for projects that address the shortage of affordable housing for NH’s workforce.” In a submission to the Joint Legislative Fiscal Committee – which must approve […]

For sale: A beautiful property with ‘faults’

BY: - April 6, 2022

Nearly a dozen people have expressed interest in redeveloping the 216-acre former Lakes Region prison site in Laconia – and it’s no wonder.  The brochure advertising the property plays up the sweeping lake views and the site’s proximity to ski trails, as well as a golf course and six lakes. It highlights an opportunity in […]