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Developer: New Hampshire housing market is in crisis, needs zoning and permitting changes
Summary
A developer testifying to the House Committee on Housing described a severe shortage of housing supply, rising rents and prices, and recommended zoning changes, streamlining permitting and state subsidies to expand production.
A property developer told the House Committee on Housing that New Hampshire’s housing market is in crisis, citing rising home prices, steep rent increases, near‑zero vacancy and rising homelessness.
“Single family home prices continue to rise. The median home price in New Hampshire right now is $520,000,” developer Chris Schleiler told the committee, and added: “Rental rates have increased 30% over the last few years.” He said statewide vacancy rates were reported as low as 0.6% and that his company’s portfolio showed roughly a 2% vacancy rate.
Schleiler described…
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