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Home Construction

Hartford, CT
Real Estate
Home Sales Tumble As Prices Set Records: Here's Why Home Sales Tumble As Prices Set Records: Here's Why
Home Sales Tumble As Prices Set Records: Here's Why US home sales dropped more than expected in June as buyers pulled back amid record-high prices and mortgage rates that have stayed high. Sales of previously owned homes fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS. Analysts had predicted just a 0.7% drop, CNBC reported. The median sales price nationwide rose 2% from June 2024 to $435,300, setting a new record. The report reflects contracts likely signed in April and May, when the average 30-year mortgage rate hovered above 6.8% and briefly topped 7%, according to M…

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by Chris Spiker
Arlington, VA
Real Estate
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…

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by Chris Spiker
Arlington, VA
Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…

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by Chris Spiker
Mahopac, NY
Police & Fire
Human Remains Found In Hudson Valley Identified As Missing 25-Year-Old Woman Human Remains Found In Hudson Valley Identified As Missing 25-Year-Old Woman
Human Remains Found In Hudson Valley Identified As Missing 25-Year-Old Woman This story has been updated with a photo. New York State Police have confirmed that the remains of a missing Hudson Valley woman are those found at the property of a new home construction site. According to New York State Police Trooper AJ Hicks, the remains of Karen Angelillo Ramsey, age 25, were found in Putnam County in the town of Patterson on April 16 during excavation work at the property of a new home. Ramsey was a resident of the town of Southeast and has not been seen or heard from since May of 1980, Hicks said. Police did not provide information on exactly where the remains were…

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by Kathy Reakes
Cambridge, MA
Lifestyle
Most Expensive Listing In Watertown's Realty History Sign Of What's To Come Most Expensive Listing In Watertown's Realty History Sign Of What's To Come
Most Expensive Listing In Watertown's Realty History Sign Of What's To Come The price tags of Watertown homes are on an upward trajectory, says the realtor of what a controversial listing that may be the city's most expensive to ever hit the market.  A contemporary-style single-family home located at 153 Robbins Road in Watertown was listed for sale at $2.6 million on Tuesday, March 7 by George Mavrogiannidis of Real Estate Advisors Group. The 4-bedroom, 6-bath home is likely the most expensive of any Watertown property sold by a realtor, says Mavrogiannidis, who checked years of listings to make the claim. The contemporary-style home is a shake-up for Watertown p…

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by Morgan Gonzales
Stamford, CT
Police & Fire
Water Main Break Displaces Families, Damages Several Homes In Stamford Water Main Break Displaces Families, Damages Several Homes In Stamford
Water Main Break Displaces Families, Damages Several Homes In Stamford A water main break at a Fairfield County home undergoing construction displaced several families and damaged residences. The incident took place in Stamford around 3:45 p.m., Monday, Nov. 21 when the city's 911 dispatch center received reports of a water main break in the vicinity of Hollow Oak Lane and Bel Aire Dr., said Stamford Deputy Fire Chief Tom Gloersen. First arriving fire units reported a large volume of water coming from the area of a front yard on Hollow Oak Lane, where construction was taking place, Gloersen said. Water was cascading downhill through the yards of adjoining pro…

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by Kathy Reakes
Massapequa, NY
Police & Fire
Firefighters Extinguish Blaze At North Hills House Firefighters Extinguish Blaze At North Hills House
Firefighters Extinguish Blaze At North Hills House An investigation is underway after a fire broke out at a Long Island home that is under construction. Emergency responders rushed to the scene of the blaze in North Hills on Cherry Wood Lane at about 4 a.m. on Sunday, Sept. 25, according to the Nassau County Police Department. The house was unoccupied due to ongoing construction, police said. Authorities said the Manhasset-Lakeville Fire Department extinguished the blaze with assistance from: Port Washington Atlantic Fire Department Plandome Fire Department  Roslyn Fire Department Police said no injuries were reported.

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by Nicole Valinote
Armonk, NY
Police & Fire
Firefighters Work Quickly To Knock Down Spreading Fire In Westchester Home Firefighters Work Quickly To Knock Down Spreading Fire In Westchester Home
Firefighters Work Quickly To Knock Down Spreading Fire In Westchester Home A newly installed gas fireplace in a living room under construction led to a fire that spread through the walls of a home in Westchester. Firefighters from the Scarsdale Fire Department were dispatched shortly before 4:45 a.m. on Sunday, March 24 to a South Church Lane home, where there was a report of a fire in a Fox Meadow neighborhood home. Upon arrival, crews found smoke spreading throughout the home and launched an investigation into the source. Firefighters quickly located a living room under construction that was isolated by a plastic barrier that was charged with smoke. Crews worke…

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by Zak Failla
Ridgewood, NJ
Real Estate
New Bergen County Homes Hit Market For Less Than $700G New Bergen County Homes Hit Market For Less Than $700G
New Bergen County Homes Hit Market For Less Than $700G Dozens of plans for newly-constructed or recently-renovated homes have hit the real estate market in Bergen County. Many of them are for less than $700,000.  Here are some options in the area: Hackensack, Louis Street: 4 beds, 3 baths, $648,000 -- new construction Bergenfield, Glenwood Drive: 4 beds, 3 baths, $659,000 -- blueprint only, construction to come Teaneck, Beaumont Avenue: 3 beds, 3 baths, $425,000 -- fully renovated Emerson, Douglas Street: 4 beds, 3 baths, $625,000 -- new construction/renovation Fair Lawn, Hartley Place: 3 beds, 3 baths, $649,000 -- new construction

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by Cecilia Levine