August 2015

Found 3 blog entries for August 2015.

If you're worried about the new construction industry here in Hawaii, a recent report should have you feeling much better as we inch closer to the end of 2015. According to the Quarterly Statistical and Economic Report from the Department of Business, Economic Development, and Tourism in Hawaii, the number of building permits issued during the first half of this year has skyrocketed by about 37% compared with the same time period from a year ago.

Although commercial and industrial building permits have spiked 183% since this time last year alone, residential permits are also up substantially, having increased by roughly 96% year-over-year.

Consequently, construction jobs have also increased by 3% in Hawaii over the first six months of 2015, which is the

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Honolulu Real Estate & Lifestyle News

Every year, the Texas A&M Transportation Institute releases their Urban Mobility Scorecard, which fully analyzes congestion and traffic in cities all over the U.S.

According to this year’s report, congestion caused Americans living in urban areas to travel an extra 6.9 billion hours and purchase an extra 3.1 billion gallons of gas for a total congestion cost of $160 billion. And now, with the nation’s economy having regained nearly all of the 9 million jobs lost during the recession, congestion has not only reached levels seen prior to the economic downturn, but has now officially exceeded them.

So what does this mean for those of us living in Honolulu?

Well, as you might already know, traffic in and around the Honolulu area can be pretty hectic to say

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Construction for two luxury Honolulu condominium developments by the Howard Hughes Corp. is well underway, and in fact, according to a recent report from Pacific Business News, more than 80% of those units are now under contract.

The latest figures reported have the 174-unit Waiea Tower at about 88% sold, while the 317-unit Anaha Tower has nearly 82% of its units under sales contracts.

At the conclusion of the first quarter, the company was said to have about 86.5% of the units sold at the Waiea Tower development and 77.5% of its units under contract at Anaha Tower. In all, Waiea Tower has an estimated construction cost of $403 million, with Anaha Tower costing Howard Hughes Corp. about $401 million to build.

If all goes according to plan, Waiea Tower

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