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Speakers at Ways and Means say New Hampshire housing supply shortfall is driving price surge and workforce problems
Summary
Multiple presenters — New Hampshire Business & Industry Association, the Association of Realtors, Fiscal Policy Institute and the Josiah Bartlett Center — told the committee a chronic shortage of new housing and low inventory have pushed prices to record highs and worsened workforce recruitment and affordability for renters and buyers.
Multiple presenters at the Ways and Means briefing described New Hampshire’s housing market as the state’s top economic constraint: inventory is tight, prices have risen sharply, and the shortage is constraining employers’ ability to hire.
Natesh Graves, vice president of public policy at the New Hampshire Business & Industry Association, said employers consistently list housing availability as their top concern. He told the committee that 86% of BIA survey respondents identified housing as a top priority for the state’s competitiveness and that constrained housing and rising costs are reducing labor‑force participation.
Bob Quinn, CEO of the New Hampshire Association of Realtors, provided sales and inventory data: the statewide median single‑family sale price ended 2024 at about $514,000 and topped $540,000 in mid‑2024. He said New Hampshire’s monthly inventory in December 2024 was about…
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