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Midtown Manhattan Building Evacuated After Support Beams Buckled and Bricks Fell

Midtown Manhattan Building Evacuated After Support Beams Buckled and Bricks Fell

by Phil Hall | Jul 7, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A 38-story Midtown Manhattan office tower that is being converted to residential housing was evacuated this morning after two support beams on its upper floor buckled and several floors began to sag, causing bricks to fall from the building. According to combined...
Single-Family Housing Starts Dropped 1.9% in May

Single-Family Housing Starts Dropped 1.9% in May

by Phil Hall | Jun 16, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in May were at a rate of 882,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 1.9% below the revised April figure of 899,000. Privately-owned housing starts in May were at a...
New Report Finds Minimal Results for Rhode Island’s $120 Million Housing Bond

New Report Finds Minimal Results for Rhode Island’s $120 Million Housing Bond

by Phil Hall | Jun 1, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from the Rhode Island Public Expenditure Council (RIPEC) has found a rather weak return on investment from a $120 million housing bond approved by voters in 2024. The Rhode Island Current reports that $52.2 million from the bond had been used by April...
Study Finds Greater Savings in Buying New Homes Versus Older Homes

Study Finds Greater Savings in Buying New Homes Versus Older Homes

by Phil Hall | May 14, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buyers of newly built homes can save an average of $25,335 over the first 10 years of ownership compared to those who purchase 20-year-old homes, according to a data analysis by Realtor.com. The savings are primarily from the lower utility costs from newer...
Urban Construction Accounted for 11% of New Q1 Listings

Urban Construction Accounted for 11% of New Q1 Listings

by Phil Hall | May 7, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 10.9% of new housing construction listings were in urban ZIP Codes during the first quarter of this year, according to new data from Realtor.com. However, urban new construction carries a 78.4% price premium over urban existing homes, with a median listing price...
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