New Hampshire

1
New Hampshire

• Dennis Delay
• New Hampshire Center for
• Public Policy Studies

Sponsored by
Media sponsor
2
NH Real Estate Shifted Quickly
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The Environment Changed in September 2008 (Fed
Bank of Boston)

• September 3, 2008
• Business contacts in the First District report
  little further deterioration in the pace of
  activity in the second quarter or recent months.
• Near-term outlook is for "more of the same" or
  further slowing, with some signs of improvement
  expected in 2009.
• October 15, 2008
• The pace of activity softened in the third
  quarter, and in some cases deteriorated sharply
  in September.
• Most firms express heightened caution or concern
  about the outlook for the remaining months of
  2008 and for 2009.

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Layoffs have accelerated, approaching beginning
of the decade levels.
Source NH Dept of Employment Security
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NH Foreclosures Have Peaked?
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NH is entering this period a little stronger than
the region.
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NH covered private employment reveals the
slowdown in job creation.
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NH Loses 30,000 Jobs Compared to May 2008
Forecast
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NH Loses 30,000 Jobs Compared to May 2008
Forecast
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NH Unemployment Rate Rises to 7 in 2009
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NH Housing Construction Does Not Recover Until
2011
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NH Housing Prices Never Reach the 2005 Peak.
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NH Economy Shrinks by 10.
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Segway Report

• Inventor Dean Kamen has unveiled a prototype
  extended range electric vehicle, the Revolt,
  which uses one of DEKA Researchs Stirling
  engines as a range extender.
• 60-mile range on a single charge of its
  lithium-ion battery pack.
• Stirling engines are external combustion engines
  Powers the defroster and heater.