N.H. building permits remain down

October 28, 2005

NH Business Review Staff,

The number of building permits issued so far in 2005 in New Hampshire continues to lag behind last year’s pace.

According to data released by the Census Bureau, through the end of September, 5,983 have been issued in the state — 15.6 percent fewer than last year for the same period.

Ed Stewart, president of the Home Builders and Remodelers Association of New Hampshire, said at such a pace, it’s expected that about 7,300 new housing units will be built in the state in 2005.

He said such a trend is disappointing. “The home builders and developers are very concerned that this trend may continue and become a severe drain on the state’s economy,” said Stewart.

He said that, according to demographic projections, New Hampshire’s home-building industry will have to generate approximately 8,600 housing units per year for the next two decades to keep up with housing demand. – NHBR STAFF REPORT

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