The Registry Review: Sept. 16, 2019

Page 1

Vol.41, No.37

www.thewarrengroup.com

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


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