Vol.41, No.37
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W E E K O F M O N D A Y, S E P T E M B E R 1 6 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
S K I L L S S H O R TA G E
Hooksett 1326-1328 HOOKSETT RD . . . . . . . . . . . . . . . . . . . . $10,000,000 B: Hooksett Village Nassim LLC S: SBMS 2000-C3 Granite State Marketplace LLC Mtg: Standard Insurance Co $7,500,000
Meredith
Worker Shortage Continues in State Construction Industry
127 CATTLE LANDING RD. . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Stephen L VanSeters & Andrea M VanSeters S: DJM Propertis LLC
Subcontracting, In-House Training Offer Way Forward
Moultonboro
BY DIANE MCLAUGHLIN
32 CAPTAINS WALK . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 B: Captain Macs Walk LLC S: Scott C Fuller Dev LLC Use: 5 Bdrm Contemporary, Lot: 48787sf
Manchester 1932 S WILLOW ST. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500,000 B: Nouria Energy S Willow LLC S: Pindot LLC Mtg: Citizens Bank of RI $87,363,270 Use: Commercial Use, Lot: 46698sf
Seabrook 175 ATLANTIC AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: J&L Atlantic LLC S: Louis C Dufour
Sunapee BROWN HILL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,300,000 B: Matthew D Gibb & Janette E Gibb S: Mel A Shaftel Tr, Tr for Mel A Shaftel 2012 FT
Portsmouth 225 HERITAGE AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: MMCT Realty LLC S: Nash Family Inv Props Use: Manufacturing Building, Lot: 119790sf
Moultonboro 328 REDDING LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,100,000 B: Peter Beebee & Sandhya R Beebee S: Odell W Bailey Jr Tr, Tr for BMJ T Use: 4 Bdrm Colonial, Lot: 65340sf
North Hampton 9 ATLANTIC AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,718,000 B: Peter J Millett & Karen A Millett S: Robert Lauter & Sherry L Lauter Use: 5 Bdrm Colonial, Lot: 85813sf
Chesterfield
REGISTRY REVIEW STAFF
A
fter Dean Millard noticed people traveling from the Seacoast to study at the New Hampshire School of Mechanical Trades in Manchester, he opened a second location in Hampton. Millard knew, however, that classes there would not fill up right away. “This is a problem that has been coming on for 10 years at least,” Millard said. “It’s trickled down where there’s no people coming into the trades right now, very little.” Employers in New Hampshire and across the country have reported a shortage of construction workers, with fewer young people entering the industry. Encouragement from high school teachers and administrators to go to college, a lack of awareness about construction trades among students and a slow reaction by employers to address the trend have contributed to the shortage. The state’s construction industry has seen a slight uptick in employment, but the numbers trail historical trends. According to the Associated General Contractors of America, New Hampshire had 27,900 construction jobs in July 2019, 900 more than in July 2018. Compared to the industry’s peak in 2006, construction employment in New Hampshire is down 8 percent, according to an AGC study in March. Millard, the cofounder and director of the New Hampshire Mechanical School of Trades, said a key reason for the employment shortage
19 BARN RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Leonard C Perham & Linda M Perham S: Maury B Bohan Tr, Tr for Maury B Bohan T
is the push to have as many high school students as possible attend college. He said the message that everyone should go to college leaves out discussions about careers in mechanical trades. His schools offer courses in plumbing, gas heat, electricity and heating, ventilation and air conditioning. He has also seen fewer high school students pursuing construction trades through New Hampshire’s Career and Technical Education program.
“It’s got a stigma that trade is where kids go when they don’t learn,” Millard said. “It’s actually reversed – you have to really know what you’re doing.” Of the 21 New Hampshire Career and Technical Education centers, including five in Vermont, only three offered programs in the general construction trades in 2019. There were five electrician programs, three in HVAC and four in plumbing. For other industries, 18 had
New Hampshire Market Statistics
105 WOODLAND LN . . . . . . . . . . . . . . . . . . . . . . . . . . $1,310,000 B: Burkehaven Group LLC S: Pamela S Benedict Ex, Ex for Benedict David B Est Use: 1-Family, Lot: 6549682sf
4,500 4500 8000
T
Both
7000
6000 3,750 3750 5000
INDEX
Refinance Purchase
4000
3,000 3000 3000
REAL ESTATE RECORDS
2000
TRANSACTIONS THRU
3 Belknap ���������������������������� 09/03/19 4 Carroll ���������������������������� 09/03/19 4 Cheshire ������������������������ 09/03/19 5 Coos �������������������������������� 09/03/19 5 Grafton ���������������������������� 09/03/19 6 Hillsborough ������������������ 09/03/19 9 Merrimack ���������������������� 09/03/19 10 Rockingham ������������������ 09/03/19 12 Strafford ������������������������ 09/03/19 13 Sullivan �������������������������� 09/03/19 13 Bankruptcies 13 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
1000
2,250 2250
Dec. Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec.
1,500 1500 750 750
00
Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July Jul. July ’18
4000 4,000
6000
’19
BothMonth
Both
5000
Purchase
3200 3,200
3000 2000
Refinance
1000
0
Jan. 15
Purchase
Refinance
Both
Refinance
4000
Jan. 16
2400 2,400 Jan. 17
Jan. 18
1600 1,600 800 800
00
July 2015
1,586
2,097
3,683
July 2016
1,201
1,907
3,108
July 2017
1,636
1,831
3,467
July 2018
1,659
1,615
3,274
July 2019
1,674
2,243
3,917
Purchase
Jan. 19
July 15 July
Julu July16
’15
’16
July July17
’17
July July18
July July19
’18
’19
Continued on Page 16
TO OUR READERS
Number of Mortgages for Single-Family Homes
Wilmot
PG COUNTY
With the state facing a critical shortage of construction workers, some employers are trying new tacks like in-house training in order to find qualified staff.
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
©2019 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at Both www.theregistryreview.com. (There are no plans to cease publication of the Refinance newspaper.) All current subscribers Purchase have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group