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Rising rates, home prices 'strangling affordability'


Josimar Reis works at a job site at a new development of single-family homes on Therrien Lane in Manchester in April. Homebuilding slumped to a 13-month low in May, weighed down by soaring mortgage rates and building material prices, according to the latest economic data.

What's Working

What’s Working

Buying a house is all about numbers — dramatically increasing numbers.

Someone who waited two years to purchase a home in Rockingham County now would need to earn another $70,000 a year to afford a median-priced home, now nearing $600,000 this spring.

What's Working Housing

Developer Conor Beote of Beote Construction, left, speaks with Daniel De Faria of JDS Builders at a new development on Therrien Lane in Manchester last week.

What's Working Housing

Josh Bujnowski of J & B Painting paints at a new development on Therrien Lane in Manchester last week.

What’s Working, a series exploring solutions for New Hampshire’s workforce needs, is sponsored by the New Hampshire Solutions Journalism Lab at the Nackey S. Loeb School of Communications and is funded by Eversource, Fidelity Investments, the New Hampshire Charitable Foundation, Dartmouth-Hitchcock Medical Center, the New Hampshire College & University Council, Northeast Delta Dental and the New Hampshire Coalition for Business and Education.

Contact reporter Michael Cousineau at To read stories in the series, visit