Gov. Chris Sununu said Wednesday his $100 million plan to expand the state’s housing supply would aid businesses looking to add employees, such as MilliporeSigma, which operates a plant in Jaffrey that makes products used in the medical industry.The.
Insufficient rental inventory fuels low vacancy rate, median rent increase >Lloyd’s Hills Apartments, a 28-unit project in Bethlehem, built by Affordable Housing Education and Development. John Tully
Published: 7/24/2021 9:06:17 PM
Rental vacancies are still on the floor and median rents are climbing, according to the 2021 New Hampshire Residential Rental Cost Survey Report published Thursday by the New Hampshire Housing Finance Authority (NHHFA).
“Unfortunately, in many ways, there’s not a lot that’s very surprising here. This is very consistent with what we’ve seen for many years,” said Dean Christon, executive director of the NHHFA.
The vacancy rate is sitting at 0.6% presently. Christon said anything lower than 2% is considered a fluctuation in turnover, and 5% is considered balanced. By contrast, both the U.S. and Northeast vacancy rates are 6.8%.
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