New Hampshire
N.H. housing market presents ‘extraordinary challenges for renters and homebuyers’
New Hampshire’s housing market “presents extraordinary challenges for renters and homebuyers.”
That’s based on the Housing Market Report, issued by the New Hampshire Housing Finance Authority.
With rates of interest on the rise and housing stock low, mortgage functions are dropping.
The rising price of supplies — which based on the Nationwide Affiliation of Dwelling Builders, are up 19 % on the yr, and by near 36 % for the reason that begin of the pandemic — are making it dearer to construct.
“When the affect of inflation on the worth of staples reminiscent of groceries and fuel are added to this combine, we will start to know how severely these market circumstances are affecting the housing selections of low and center revenue New Hampshire residents,” mentioned Rob Dapice, CEO and govt director of New Hampshire Housing.
However whereas some components fueling the excessive price of housing prices are new, one core situation, the shortage of housing stock, just isn’t.
In accordance with the report the state is greater than 20,000 models shy of what’s wanted to realize what the 5 % rental emptiness charge indicative of what Dapice calls a “balanced market.”
New Hampshire’s present emptiness charge for leases is 1 %.
The median gross sales value on homes in New Hampshire, which now exceeds $400,000, continues to outstrip what many individuals can afford.
With home costs that prime, important employees, together with firefighters, academics and nurses, incomes median wages for his or her jobs assuming a 20 % down cost, can be unlikely to qualify for a 30-year mortgage.
Secord dwelling purchases in New Hampshire, in the meantime, proceed to climb.
In accordance with the report, the proportion of loans issued to buy second houses elevated in each New Hampshire county between 2018 and 2020.
In Carroll County, loans on second houses accounted for practically half of all new mortgages.
Second dwelling loans accounted for a few third of recent mortgages issued over the identical interval in Grafton County; the numbers have been related in Coos and Belknap Counties.
People who heard a helicopter crash rushed to the site to help remove the pilot from the burning aircraft in a wooded area in central New Hampshire, police said Sunday.
The pilot was the helicopter’s only occupant when it crashed into a residential property in Merrimack County, the New Hampshire State Police said in a news release. He was “conscious, breathing and alert” when authorities from various agencies arrived and transported him to Dartmouth Hitchcock Medical Center with “serious but non life-threatening injuries,” police said. The pilot was not identified
The Hughes TH-55 helicopter went down Saturday afternoon about 30 miles northwest of the state capital, Concord, and caused a fire that was spreading to the woods before the arrival of firefighters, police said. An initial probe into the incident suggested that the pilot lost control of the helicopter near a landing site and subsequently crashed into the wood line of the property.
A National Transportation Safety Board spokesperson said the helicopter will be moved to an offsite facility for further examination as part of its investigation. The NTSB is leading the investigation along with the Federal Aviation Administration. New Hampshire State Police have asked anyone who witnessed the crash to contact the Danbury Police Department.
The two-seater TH-55 Osage was originally used by the military as a training helicopter, taking flight for the first time in 1956, but many of them have since found their way into civilian use.
DANBURY, N.H. (AP) — People who heard a helicopter crash rushed to the site to help remove the pilot from the burning aircraft in a wooded area in central New Hampshire, police said Sunday.
The Hughes TH-55 helicopter with only the pilot aboard went down Saturday afternoon bout 30 miles (48 kilometers) northwest of the state capital, Concord, and caused a fire that was spreading to the woods before the arrival of firefighters, police said. The pilot was transported to Dartmouth Hitchcock Medical Center with “serious but non life-threatening injuries,” police said.
A National Transportation Safety Board spokesperson said the helicopter will be moved to an offsite facility for further examination as part of its investigation. The pilot was not identified.
The two-seater TH-55 Osage was originally used by the military as a training helicopter, taking flight for the first time in 1956, but many of them have since found their way into civilian use.
A pilot survived after his helicopter crashed Saturday afternoon in a fiery accident in New Hampshire.
According to the New Hampshire State Police, the helicopter plummeted into the wooded line at a residential property at approximately 12:45 p.m. in Danbury.
Authorities said that the initial investigation revealed that the pilot lost control.
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A helicopter pilot who was attempting to land near a Danbury, New Hampshire home lost control and crashed on Saturday, June 1. (Bristol Fire Department)
Photos from the incident showed the remnants of the helicopter after it had crashed.
The pilot, whose name was not revealed, survived the incident.
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Police said that he suffered injuries but was conscious, breathing and alert. He was taken by ambulance to Dartmouth Hitchcock Medical Center for treatment.
Debris after the helicopter crash. New Hampshire State Police said in a press release that the pilot survived the crash and was taken to a nearby hospital for treatment. (Bristol Fire Department)
The New Hampshire State Police told the public who may have witnessed the crash to contact the Danbury Police Department.
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The Federal Aviation Administration and the NTSB are investigating the incident further.
Fox News Digital has reached out to the FAA for comment.
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