The 58th annual New Hampshire Home Builders Association Home Show in Manchester showcased over 200 vendors in the home building and remodeling industry. With home prices in the state up 275% over the past 25 years, many residents are looking to reinvest in their properties rather than buying new homes. CEO Matt Mayberry highlighted the high housing costs as a driving factor behind this trend, with many individuals feeling that homeownership in the Granite State is out of reach. The median price of a single-family home in New Hampshire is currently at $520,000, according to a report from the New Hampshire Association of Realtors. Homeowners at the event were interested in renovating their properties to stay in their homes longer, as well as looking for ways to save money in the long term by investing in projects like new windows. Interest rates and the costs of building new homes were cited as significant barriers to purchasing new properties. The event provided a valuable opportunity for attendees to explore various options for improving and renovating their homes.
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