Daily Archives: November 10, 2017

Products Are Getting Pricier. Raise Your Estimates Now | Bedford Real Estate

Hurricanes and fires are putting pressures on supply, and thus prices

Here in Washington, D.C., a client of one of my favorite remodelers recently asked the remodeler to travel 1,000 miles to south Florida to rebuild homes damaged by Hurricane Irma. In Louisiana, lumberyard owners told me two weeks after Hurricane Harvey struck that they expected to see trucks show up at their stores soon, driven by people who hoped to buy all the drywall they could and tote it back to Houston for sale.

Winds of change, indeed. Those disasters, in addition to the wildfires on the West Coast, are likely to rattle your remodeling business even if you’re not located near the damage zones. Expectations run wild that prices for both products and labor will rise. Drywall, framing lumber, sheet goods, and asphalt shingles will see some of the biggest increases.

Odds are good that you are behind the eight ball already if you haven’t been updating the core data you use to build your estimates. We recently received the numbers for the cost half of our 2018 Cost vs. Value report. They show that, from mid-2016 to mid-2017, the amount a client should be expected to pay for 20 common professional remodeling projects had risen no less than 2.7% and as much as 6.5%. Note that the materials and people costs that went into this data were collected before the hurricanes arrived.

You should already have been raising your prices to meet the pre-hurricane cost increases. Now, for projects that won’t start until November, December, or early next year, expect that you’ll need to shell out even more money for materials and workers by the time those jobs begin.

But wait, there’s more: Texas and Florida could end up needing so much material that vendors and dealers will limit the amount they’ll sell to any one customer there. Those allocations usually are based on relationships that stem from how much you’ve bought from that vendor in recent years and how quickly you’ve paid your bill.

Graybeards who suffered through the 1970s’ double-digit inflation rates may remember how to operate in an era of constant price increases, even if it has been decades since they last used those skills. For the rest, prepare for an escalator ride that could be uncomfortably fast.

by Craig Webb

read more…


Mt Kisco election upsets | Mt Kisco Real Estate

Longtime Mount Kisco Mayor Michael Cindrich is out.

Cindrich, a Democrat, who had served for 14 years, was defeated by upstart Gina Picincih of 4MountKisco, 52 percent to 48 percent, 1,320 votes to 1,209 votes.

Her running mate, Isi Albanese, was elected to the village board, along with incumbent Democrat Peter Grunthal. Democrat Anthony Markus was defeated.

In Croton, the Croton Democrats took back control of village board. Brian Pugh defeated Mayor Greg Schmidt 58 percent to 42 percent while Democrats Amy Attias and Sherry Horowit were elected to the Town Board.

In Pound Ridge, Democrat Kevin Hansen became the new supervisor, defeating incumbent Dick Lyman, 52 percent to 48 percent.

Yorktown Republican Supervisor Mike Grace fell to challenger Illan Gilbert 51 percent to 49 percent.

In other results:

  •  Catherine Borgia, the Majority Leader of the Board of Legislators who represents District 9, defeated challenger Bob Outhouse, 63 percent to 37 percent, according to unofficial results from the Westchester County Board of Elections.
  •  District 9 covers Ossining, Peekskill, Cortlandt, and Briarcliff.
  •  In District 1, which covers Peekskill, Yorktown and Cortlandt, Legislator John Testa, a Republican, defeated challenger Nancy Vann, a Democrat 56 percent to 44 percent, 7,863 votes to 6,240 votes with 46 percent reporting.Testa won a fifth term.
  •  in District 2, which covers Bedford, Lewisboro, Mount Kisco, North Salem, Pound Ridge, Somers,  Kitley Covill, a Democrat, denied Republican Francis Corcoran his chance at a second term.  Covill won 55 percent to 45 percent.
  •  In District 3, which covers Mount Pleasant, Pleasantville and North Castle, Legislator Margaret Cunzio, a Conservative, defeated Daren Tolz, a Democrat 55 percent to 45 percent, 7,845 votes to 6,377 votes, according to unofficial returns from the Westchester County Board of Elections. Cunzio was running for a second term.
  •  In Bedford, Democrats MaryAnn Carr, an incumbent and Kate Galligan easily defeated Republicans Kyle Carleton and Mary Ellen Devey McLaughlin for two seats on the village board.
  •  In Cortlandt, longtime Supervisor Linda Puglisi, a Democrat, defeated Republican challenger, Liam Carroll 75 percent to 25 percent. Puglisi was running for a 14th term. Democrats Debra Carter-Costello, an incumbent, and James Creighton, were easily elected to the town board.
  •  In Lewisboro, incumbent Democrat Peter Parsons defeated Republican Jason Krellenstein 61 percent to 39 percent, Parsons was running for a fourth term.
  •  In the race for the town board, Tony Goncalves and Jane Crimmins defeated Republican incumbents Frank Kelly and Peter DeLucia with 2,243 votes and 2,242 votes, respectively. DeLucia and Kelly have 1736 votes and 1168 votes.
  •  In Somers, Republican incumbents Anthony Cirieco and William Faulkner defeated Democrats Robert Ondrovic and Thomas Newman.

 to sign up for Daily Voice’s free daily emails and news alerts.

read more….