With Christmas and Hanukkah wrapped-up, we've officially reached the pre-New Year's lull. This brief respite from the regularly scheduled holiday cheer is when many people take the opportunity to consider their accomplishments and failures over the past year, and resolve to do better in the future. Other people just go to work for a few days and get really, really bored at their desks as they countdown to their next party.
Either way, it's a bit of a restless period, isn't it?
A New Hampshire developer plans to renovate two mostly-abandoned apartment buildings in Franklin and turn them into affordable housing for working class families. The company, New England Family Housing, plans to buy the 30-unit building for $615,000.
Often, when prices go down, the number of properties sold goes up. That was the general story during the past four months. Not in November. The median price dropped a bit to about $193,000 and the number of sales ticked down about 2 percent. Sellers are getting about 5 percent less than they did a year ago.
The realtors’ association says the latest data point to a market that is slowly stabilizing. The number of foreclosures is headed down. Analysts say in a year or so, the market will have worked through many of those lower priced homes.
The state commissioner of transportation warns that if the federal government moves ahead with a plan to cut $40 million of New Hampshire’s yearly highway funds—the completion of I-93 will be placed on hold, indefinitely. One portion that remains unfinished is exit 3 near Windham.
Many businesses there say the uncertainty of I-93’s future is hurting the local economy.
One of our most popular drop-in series at StateImpact has been our county-by-county glimpses at migration rates. Our work is based on a map generated by Jon Bruner of Forbes. (We still recommend you check it out.) Using IRS data, Bruner traced where people in every county in the country were moving to–and from–between 2005 and 2009.
Lately, the US Bureau of Economic Analysis has been crunching numbers looking at so called “personal income” growth. That figure includes all pre-tax income: wages, salaries, dividends, annuities, Social Security checks…everything.
And for the third quarter of 2011, the growth was rather modest. In its media release, the Bureau of Economic Analysis noted:
Twenty-three conservation and historic preservation projects will be sharing just north of $1 million in state grants courtesy of New Hampshire’s Land and Community Heritage Investment Program (LCHIP). Fourteen historic structures and more than 2,800 acres of land ultimately qualified for funding.
Yesterday, StateImpact liveblogged the Joint Economic Session. Members of the House and Senate Finance and Ways and Means Committees gathered for hours to hear economists offer projections on where the global, national, and state economies are headed in 2012.
The jobs that come with selling stuff delivered over 3,000 new jobs in November and strictly speaking, more than just Christmas shopping drove the numbers. Seasonal adjustments are designed to filter out that sort of impact.
People wait to see a career adviser at a training center operated by the New York Department of Labor in New York City. NPR and the Kaiser Family Foundation conducted a survey on the emotional, physical and financial effects of being without work for a year or more. Nearly 70 percent of respondents would like the government to offer more job training opportunities.
Millions of Americans wake up each morning without a job, even though they desperately want to work. It's one of the depressing legacies of the financial crisis and Great Recession.
NPR and the Kaiser Family Foundation conducted a poll of people who had been unemployed or with an insufficient level of work for more than a year. The results document the financial, emotional and physical effects of long-term unemployment and underemployment.
Late last week, we posted a cool infographic, courtesy of the journalists at Stateline, taking a look at the percentage of each state’s GDP that’s made up by federal spending. The group then subdivided federal spending into defense-related spending and everything else.