Latest Housing Market Report Data Shows Steady Demand For Homes In Most Areas Of State
March 13, 2018
New Hampshire’s strong economy and low unemployment rate make the state an attractive place to live and work. And the latest housing market report from New Hampshire Housing Finance Authority indicates there continues to be a heavy demand for rental units and homes to buy to meet the needs of the state’s workforce.
Housing and economic data from the February Housing Market Report reflect:
- Full employment in the state for over two years
- A strong economy with employment opportunities that can draw workers to the state, underlining the need for housing stock
- Affordability stresses for homeowners and renters in most areas of the state
- A relatively low inventory of homes for sale, particularly under $300,000
- Housing permits (reflecting construction activity) of multi-family and single-family homes at half the level they were prior to the Great Recession (end of 2007)
In addition to providing employment, affordability, home sales and inventory, and rental market data, this Housing Market Report features perspectives on housing and the economy from the New Hampshire Realtors Association, New Hampshire Employment Security, and Applied Economic Research.
The state’s healthy economy provides an opportunity for the state’s municipalities to reassess land use regulations that may inhibit the construction of needed housing. New Hampshire Housing continues to collaborate with public and private partners to meet the housing needs of our state’s residents and businesses, as we all work to support New Hampshire’s economic vitality.
More NHHFA News:
- Accessory Dwelling Units in New Hampshire: A Guide for Municipalities >>
- 2017 New Hampshire Residential Rental Cost Survey report >>
- Follow #NHHFAHousing and keep up with housing issues in New Hampshire, the region and nationally.
- Find New Hampshire housing market, economic and demographic data and research at NHHFA/data-resources-planning