People and Property: Real Estate and Construction News From Around NH
Maugel Architects celebrates 30 years, TFMoran welcomes new civil engineer ... and more
Brittany Hodge named NH Housing Fellow for 2023-24
Meredith Village Savings Bank (MVSB) announced that Brittany Hodge, mortgage loan officer (NMLS# 2387835), was recently named a 2023-2024 New Hampshire Housing Fellow.
Ten New Hampshire professionals who work with homebuyers were accepted in the program, which offers an opportunity for participants to explore the mortgage finance system and participate in workshops about housing and public policy, housing and economic development, state government issues and New Hampshire Housing’s homeownership programs.
“Staying in tune with local home-buying programs and resources helps us give our clients a leg up in the buying process,” said Charlie Dowd, vice president residential mortgage sales (NMLS# 737415). “We are excited to have Brittany deepen her understanding of residential lending and affordable housing options by participating in this wonderful program.”
Brittany joined MVSB in 2022 and serves customers in the Mount Washington Valley and surrounding communities with their mortgage lending needs. She volunteers her time with Vaughan Learning Center and serves as secretary on the John Fuller Elementary Parent Teacher Organization. She has an associate’s degree in business management from Lakes Region Community College.
TFMoran welcomes new civil project engineer
Benjamin Hodsdon recently rejoined TFMoran’s Portsmouth office as a civil project engineer.
He joined TFMoran for the past two summers as a civil engineering and surveying intern in the firm’s Bedford and Portsmouth offices. Ben’s internship with TFM included working in AutoCAD, researching town zoning regulations, and conducting boundary and lot line surveys throughout the NH Seacoast area.
Ben recently graduated from the University of New Hampshire, earning his Bachelor of Science in Civil Engineering, with a minor in architectural studies.
RE/MAX release their National Housing Report for June 2023
June’s report showed month-over-month increases in home sales (up 5.4 percent from May) and
inventory (up 7.2 percent), while year-over-year activity continued to trail the strong results of early
June 2023 home sales were 18.7 percent below last June’s, contributing to a first-half 24 percent decline in closings compared to the first half of 2022 across the 52 metro areas surveyed in the RE/MAX National Housing Report.
June’s year-over-year decline in active inventory of 10.7 percent was the first such decrease in the past 13 months. New listings, although down 25 percent compared to a year ago, were up 0.5 percent over May. Typically the biggest month for home sales, June produced a median sales price of $425,000, which was the highest since June 2022’s peak price of $426,000.
“June’s month-over-month gain in sales is largely seasonal, but it shows the market’s resiliency in the face of low inventory and higher interest rates,” said RE/MAX President and CEO Nick Bailey. “While we probably won’t see a significant jump in sales activity in the short term, demand is strong and houses are selling when they’re priced right. The expertise of an experienced real estate agent continues to be an important part of the equation for buyers and sellers navigating this rebalancing market.”
Locally, homebuyers and sellers in Manchester had very little inventory to choose from — about 0.6 months’ worth — but what inventory there was sold quickly. Additionally, houses that closed did so at some of the highest prices in the area. The Queen City had one of the highest close-to-list-price ratios of 104 percent, and also had one of the lowest days on market: 12.
Read the full report here: RE/Max National Housing Report June 2023
Maugel DeStefano Architects celebrates 30th anniversary
Maugel DeStefano Architects, a New England-based architectural firm, marks its 30th anniversary this year by celebrating the firm’s continued growth under the new ownership team and solving design challenges through innovation and creativity for its clients in fast-changing environments.
Founded in 1993 in Melrose, Mass., as Maugel Architects with only two employees, Maugel DeStefano Architects has now grown to a staff of about 40 professionals, with offices in both Massachusetts and New Hampshire. The award-winning firm is recognized for its expertise in strategic planning, architecture and interior design, new builds, and asset repositioning across various sectors, including healthcare, industrial, science and advanced technology, multifamily, commercial and custom residential.
“What has enabled our growth and strong reputation in the marketplace today comes from our expertise and ability to solve the space challenges faced by small to large companies in fast-changing economic and technological environments,” said Mark Pelletier, principal at Maugel DeStefano Architects. “We understand how design choices impact our clients’ potential growth, ROI and future planning. Our team of experts has mastered the art of problem solving, creativity, innovation and speedy delivery of projects on budget and on time.”
Over the years, Maugel DeStefano Architects has designed over 30 million square feet of space for clients ranging from real estate developers to direct users in a wide range of industries, such as life sciences, medical devices, biopharma, biomanufacturing, manufacturing, multifamily, commercial, as well as corporate interiors.
“We grew organically for 25 years and then acquired DeStefano Architects in 2019. During our journey, we kept adapting to the latest technologies, tools and needs of our client,” said Jonathan Cocker, principal and healthcare lead at Maugel DeStefano Architects. “One thing that distinguishes us from other firms is our passion for excellence in design and problem-solving. We take a focused but flexible approach to design, and when it comes to serving our clients to the best of our abilities, we remain open-minded and agile.”