NEW YORK (AP) — The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners are renovating their properties. Inflation was already causing some homeowners to delay big renovation projects as prices for building materials, fixtures and appliances jumped.
Albritton is trying to pivot to smaller carpentry jobs.
“I am very worried on the heels of the material shortages we have been battling to now look at a very possible recession,” Albritton said. He’s reaching out to other home renovation companies to partner with as one way to keep the work coming. Daniel Edwards, who owns a Handyman Connection franchise in Hanover, Massachusetts, focuses on small jobs that are several thousand dollars, like building decks, swapping out windows and doors and carpentry projects. In the greater Boston area that includes Hanover, home sales in July were down 20%. The median price of a home sold was $650,000, down 2% from June but up 8% from this time last year, according to Re/Max data.
Curbio is a startup that provides pre-sale renovations on homes that it doesn’t charge for until the home is sold. They operate in 52 markets across the country, from Chicago to South Florida. They’ve also started offering smaller projects as the housing market slows.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Sinatra Super Bowl as close as it will get for New York-New York Super BowlGo ahead and fantasize. Go ahead and dream. It’s your annual Super Bowl. You know, New York-New York Super Bowl. In August. Of course. Only in August.
Leer más »
New York health officials: Polio detected in Sullivan County wastewater samplesNew York health officials continue to sound the alarm about polio, now detected in wastewater samples collected in Sullivan County.
Leer más »
New York Fashion Week NFTs to Unlock Show Invites and ProductsThis season, five New York designers are granting access to shows and other experiences, gifts and perks to people who buy $100 NFTs that unlock a variety of benefits in the form of a branded key that sits in their digital wallet.
Leer más »
Community Works exhibit celebrates culture of healing - New York Amsterdam NewsThe “Harlem is … Healing” exhibition is the latest project of the longstanding collaboration between Community Works and the New Heritage Theatre Group exploring the multi-faceted history of Harlem and the communities of color which surround it.
Leer más »
K. Bain brings New York City gun violence interruption to the highest office - New York Amsterdam NewsFrom public housing to the White House, K. Bain’s the name for interrupting cycles of gun violence in New York City. This February, Pres. Joe Biden enlisted Community Capacity Development’s executive director to combat the leading cause of premature death throughout the United States.
Leer más »
Fact or Fiction: New York requiring ID to buy whipped cream?A story that caught our eye claims stores in New York is now requiring people to show their ID to buy whipped cream.
Leer más »