“We are ready to tackle the influx of housing demand head-on,” said OPD lead planner Ken Gallager. “Our in-depth analysis of housing market trends will inform local and state stakeholders on how best to navigate and alleviate supply pressure.”
CONCORD, NH (PRWEB)
February 14, 2022
the New Hampshire Department of Business and Economic Affairs (BEA) published its annual report on the housing supply of its Planning and Development Office (OPD). While the number of housing units authorized by municipalities in 2020 matched the number of units authorized in recent years, solutions are still needed to meet the demand of New Hampshire’s communities and economy.
New Hampshire added 4,446 units to its housing supply in 2020, slightly less than in 2019, when housing stock increased by 4,483. The 37-unit drop, while small, is the first year since 2013 that the total number of new housing units licensed by cities across the state has decreased. Total construction activity at the start of this decade is less than half the record high of the early 2000s.
“This report reminds us that New Hampshire’s attractiveness and growth-friendly economy require that we continue to work on solutions to provide housing to meet demand,” said BEA Commissioner Taylor Caswell. .
“We are ready to tackle the influx of housing demand head-on,” said OPD lead planner Ken Gallager. “Our in-depth analysis of housing market trends, coupled with expertise in planning and zoning best practices, will inform local and state stakeholders on how best to navigate and alleviate supply pressure.”
According to the US Census, New Hampshire experienced a population growth of 5,500 between July 2019 and July 2020, and a recent Study on migration patterns from Atlas Van Lines shows that the state had the fourth highest percentage (61.6%) of inbound moves in the United States in 2020.
Single-family homes made up 59.2% of permits issued statewide in 2020, down from 50.4%. Multi-family dwellings accounted for 36.8% of the total and manufactured homes 4.0%. Although single-family permits increased by 372, the number of multi-family permits issued decreased by 486 from 2019.
In 2021, the total supply of housing in the state, assuming construction of all units authorized in 2020, is estimated at 642,800 units, or 0.7% more than the number of housing units recorded during of the 2020 census.
At the community level, 57 New Hampshire towns issued permits that added more than
1% to their single-family housing stock from the previous year, compared to 33 municipalities in 2019. The municipalities issuing more than 50 permits for single-family homes are:
City name – Permit
1. Milford – 115
3. Salem – 67
4. Merrimack – 58
6. Raymond – 52
The following municipalities have issued single-family housing permits representing an increase of more than 2% of their existing stock:
City name – Permit – Increase
1. Brentwood – 44 – 3.49%
2. Milford – 115 – 3.26%
3. Candie – 41 – 2.80%
4. Danville – 30 – 2.32%
5. Lincoln – 10 – 2.25%
6. Brookline – 39 – 2.12%
The full OPD 2021 housing report is available here.
OPD offers a free webinar series every third Thursday of the month. On February 17, they will discuss findings from the 2021 Housing Report. The series will include an in-depth analysis of the state’s progress in meeting adequate housing needs and offer strategies for local planners.
About the New Hampshire Department of Business and Economic Affairs
The Planning and Development Bureau is part of the Department of Business and Economic Affairs (BEA). Their office provides programs, services, data and maps, training and awareness, and resources to assist municipalities and other stakeholders with matters relating to planning and zoning and regulations, land use and land protection. BEA is dedicated to enhancing the economic vitality of the State of New Hampshire while promoting it as a destination for domestic and international visitors. For more information, visit http://www.nheconomy.com Where http://www.choosenh.com.
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