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JULY 23, 2018 | VOL. 54, No. 30
YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS, COVERING THE HUDSON VALLEY
westfaironline.com
Sales down, prices up in Westchester housing market BY ALEESIA FORNI aforni@westfairinc.com
H
igher home prices and a lack of inventory contributed to a decline in housing sales in the lower Hudson Valley region, according to analysts at Hudson Gateway Association of Realtors. Across Westchester, Putnam, Rockland and Orange counties, there were 4,539 sales of single-family homes, two- to four-family homes, condominiums and cooperatives during the second quarter of 2018, HGAR noted in its report. In Westchester, residential sales were down 5.7 percent year over year to 2,511. Sales were down 4.6 percent in Putnam and 11.3 percent in Rockland. Orange was the only exception across the region, posting a 1.9 percent increase in sales compared with last year. Prices, meanwhile, continued to largely increase in the four-county region. In Westchester County, the median sales price was up 6.1 percent to $710,800 compared with last year. Prices increased 6.2 percent to $468,750 in Rockland, 6.4 percent to $250,000 in Orange and 1.4 percent to $350,000 in Putnam. “The continuing dearth of inventory contributed to upward pressure on prices,” analysts » HOUSING MARKET
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The rooftop of Continental Building Products in Buchanan will host the state’s largest rooftop solar array. Photo by Aleesia Forni.
Super power BUCHANAN FIRM’S ROOFTOP SOLAR ARRAY WILL BE STATE’S LARGEST
BY RYAN DEFFENBAUGH rdeffenbaugh@westfairinc.com
J
ust down the street from Indian Point’s two active nuclear reactors, a manufacturing plant will generate power of its own. Continental Building Products, working with New York City-based EnterSolar, started construction last month on what it said would be the state’s largest rooftop solar array: a 2.4-megawatt system that
will take up a 250,000-square-foot space atop the building. The array will operate as a community solar project, meaning it can offset the bills of other subscribers nearby. Continental produces gypsum-based drywall products at the plant, which is on the Hudson River in Buchanan. The facility employs 110 people. Continental has operated there since 2013. Before that, the plant was part of Lafarge North America. Lafarge sold off its gypsum business to a private
equity firm, which launched Continental Building Products in 2013. The publicly traded Continental is based in Virginia, but has other manufacturing locations in Florida, Kentucky and Canada. Mike Kralik, plant manager for Continental, said adding solar was a good fit for the company’s sustainability efforts. Continental uses 99 percent recycled materials in its drywall products. “We’re always looking for » SOLAR POWER
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