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Friday, February 17, 2017 Page 5

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US HOME BUILDING FALLS Developers start fewer apartments sponded by ramping up construction, but the increases haven’t been fast WASHINGTON — U.S. enough to relieve supply builders broke ground on shortages. fewer homes last month, led In a positive sign, building by a drop in apartment con- permits, a gauge of future struction. construction, rose 4.6 perThe number of new hous- cent last month, led by a big ing starts declined 2.6 pergain in apartment permits. cent in January to a Single-family permits fell. seasonally adjusted annual “The big uptick in permits rate of 1.25 million, the Com- should be good news for inmerce Department said ventory-constrained homeThursday . The drop came buyers, as permits after a much larger gain the eventually become starts, previous month. Single fam- which in turn become new ily housing starts rose 1.9 homes for sale,” Ralph Mcpercent, while apartment Laughlin, chief economist building dropped 7.9 perfor real estate data provider cent. Trulia. “As a result, we Even with the decline, shouldn’t be surprised to new home construction has see a strong uptick in starts increased 10.5 percent in in mid-2017.” the past year. That gain has Rising prices, a tight supbeen fueled by rising deply of homes and higher mand for homes as more mortgage rates combined to Americans are looking to slow sales of existing homes buy. Most economists saw in December, when they fell Thursday’s report as a sign 2.8 percent. that higher mortgage rates Still, home construction aren’t yet dragging down has largely recovered from the housing market. the housing bust that began Many potential buyers are a decade ago. In 2016, buildfrustrated by a lack of avail- ers started work on the able properties. The supply most new homes since 2007, of existing homes fell in De- the year the Great Recescember to its lowest level sion began. since 1999. That has pushed Home building increased up prices as buyers have the most last month in the had to bid against each Northeast, where housing other. starts soared 55.4 percent, Home builders have reand the South, with a 20 perChristopher S. Rugaber ASSOCIATED PRESS

JEFF ROBERSON / ASSOCIATED PRESS

Work continues on new housing under construction in St. Louis. cent rise. Developers broke ground on the most new homes in the South in more than nine years. Higher mortgage rates could exert a bigger drag on

sales in the coming months. The average fixed-rate 30year mortgage eased to 4.15 percent this week, down slightly from 4.17 percent the previous week.

While that is still low historically, it is far above the average rate of 3.65 percent for all of 2016. Rates have been pushed higher because they have followed

the yield on the 10-year Treasury note, which has risen because investors have anticipated faster growth and higher inflation since the election.

briefs

Average US 30-year mortgage rate dips to 4.15 percent WASHINGTON — Long-term mortgage rates slipped again this week. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate stood at 3.65 percent a year ago and averaged 3.65 percent through 2016, lowest in records going back to 1971. The rate on 15-year mortgages dropped to 3.35 percent this week from 3.39 percent and 2.95 percent a year ago. Both rates fell for the second straight week. But rates have soared since President Donald Trump was elected Nov. 8. Investors have bid rates higher because they expect Trump’s plans to cut taxes and increase spending on infrastructure will boost growth and inflation.

Optimism among US homebuilders weakens U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders’ sales offices. The surprising decline comes ahead of the spring home-buying season, which is traditionally builders’ busiest time of the year and helps set the pace for home construction. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday fell to 65 this month. That’s down two points from a revised reading of 67 in January. Analysts had been expecting an increase. Readings above 50 indicate more builders view sales conditions as good rather than poor. The index has been above 60 since September. The latest reading marks the second decline in a row for the index, which reached the highest level in 11 years in December. The February number also fell shy of analyst predictions. They expected the index to hit 68, according to FactSet. ••• Associated Press

HAWAII 2016 BUYER REPORT ORIGIN OF HAWAII'S HOME BUYERS IN 2016 Top 10 Foreign Country Buyers & Top 10 United States Buyers # of properties / total $

1

2

3

4

5

JAPAN 581/$757.7M

CANADA 116/$102M

CHINA 30/$39.5M

HONG KONG 21/$32.5M

KOREA 12/$23M

6

7

8

9

10

SINGAPORE 11/$22.6M

AUSTRAILIA 9/$20.6M

GUAM 7/$4.7M

TAIWAN 6/$7.9M

ENGLAND 4/$3.5M

1

2

3

4

5

HAWAII 15,415/$9.1B

CALIFORNIA 1,479/$1.3B

WASHINGTON 343/$283.8M

TEXAS 239/$154.1M

FLORIDA 189/$105.6M

6

7

8

9

10

NEW YORK 102/$135.1M

NEVADA 101/$93.3M

ARIZONA 90/$83.9M

COLORADO 137/$133.5M

OREGON 133/$87.4M

Questions about buying or selling? Let's talk. 40+ years Realtor® experience, helping you.

808.652.4112 REALTOR® Broker, HI # RB20813 www.LincolnHenryGill.com


Page 6 Friday, February 17, 2017

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KAUAI’S

real estate directory P L A C E Y O U R A D today 2 4 6 - 0 3 2 5

Regency At Poipu Kai $540,000 MLS #603249 Fully Turn Key – Numerous upgrades – 2Bdrm, 2Bth, 1,263 sq ft

t he g arden i slan d .com /clas s i f ieds

“Invest In Your Dreams” COLDWELL BANKER Turtle Cove Realty F. Lee Morey,

REALTOR®-Lic. #15886 (PB, CRS, CDPE, SRS, CLHMS)

2-2514 Kaumualii Hwy., Ste. #213-214 Kalaheo Kauai, HI 96741

Nance Overton RS-71134 808 346 0872

Al Overton RB-21070 808 652 8431

ncoverton13@gmail.com

overton12@hawaiiantel.net

Cell: (808)651-6720 • Office: (808)332-7477 Fax: (808)332-9804

TurtleCoveRealtyKauai.com f.leemorey@gmail.com

Michael J. Liberatore Cell: 808-635-0556 KekahaMike@gmail.com RS-71307

Kelly Liberatore Cell: 808-639-2061 Kelly@MakaiProperties.com RB-17674

Four Locations to Serve You

4493 Moana Road (next to Subway Sandwich in Waimea Town) Main Office: 1941 B Poipu Road, Koloa, HI 96756 • The Shops at Kukui‘ula

w w w. b a l i h a i . c o m

KAUAI REALTY

Lihue, Hookena at Puhi $298,000 2 Bed / 2 Ba 2 spots for parking Interior Area: 752 sqft MLS 603008 Brian I. Kimura R(B) RB-14985 808-651-6201 bkimura@kauairealty.net

2080 MANAWALEA ST. UNIT 409

Quiet location with a lanai view of a small stream border by lots of greenery.

Tim Mira

KauaiPropertySearch.com

R E A LT O R – B R O K E R , R B - 2 1 1 3 0

808.639.2263 TimMira@HawaiiLife.com

Cory Mira R E A LT O R – S A L E S P E R S O N , R S - 7 8 3 9 5

808.635.7809 CoryMira@HawaiiLife.com

Hawai‘i Life Real Estate Brokers HawaiiLife.com |

RB-19928

Matthew Taba (R) Sharon Gibson (RS) (RB-20157) (RS-70576)

Erin Koshi (RS) (RS-73476)

Our Sales & Property Management Team P.O. Box 24 Koloa, HI 96756

(808) 742-7110 www.tabarealty.com

3262 Hailima Street, Lawai | .19 acres land | Offered for $229K | MLS 602937

KALAHEO

This 3 bed/2 bath partially-furnished house is set amongst the Kalaheo countryside and surrounded by lush foliage. The house features wood floors through most of the living spaces with newer carpeting in the master bedroom. The open floor plan allows for great entertainment opportunities with large windows allowing for ample natural light and distant ocean views. Granite countertops and lots of storage highlight the kitchen. A large wraparound deck can be accessed through the dining area or the master bedroom. The master bathroom features a beautifully tiled shower. Sorry, no pets. Renter’s insurance is required. Rent: $2,800/month Security Deposit: $2,800

KAUAI PACIFIC REAL ESTATE LOOKING FOR RENTALS

Steven M. Martin-Oldfield

Realtor, Principal Broker Office: 808-822-4444 Cell: 808-652-1759 manager@kauaipac.com

Our rental units are 100% occupied. If you are looking for a Property Manager, we would love to talk with you! We offer you: Reasonable rates Tenant screening Oversee rent collection, taxes, and repairs Full service with attention to detail! Drop by our new office or call for an appt. today!

www.kauaipacificrealestate.com


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KAUAI’S

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Kalaheo

Kekaha

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Friday, February 17, 2017 Page 7

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Koloa

Lihue

3011 Pua ’Akala Pl

Lihue $225,000 2 Bd/1 Ba 747 sqft Wonderful sunrise to wake up to each morning. Spectacular mountain and distant ocean views. Enjoy tropical trade wind breezes coming off the ocean. Cool vibrant colors are added throughout. GREAT LOCATION! Barbara Morrison RS RS-63073 808-631-9126 MLS603611

Princeville

Lihue

Poipu

Lihue- $277,000 2 Bed/2 Bath 1,070 sq ft Jennifer Easterly R (S) RS-58727 808-651-3206 Century 21 All Islands Princeville MLS 298853

Poipu - $997,580 Price Reduced by $202,420 Rare South Shore Land Offering! Great Development Potential. Call/Text Today! MLS 268173 Lyle M. Otsuka, RA 808-635-3777

REDUCED

Hanalei PRICE REDUCED

Hanalei-$1,575,000 3Bd/1.5Ba 2,027 sqft Margaret Sturdevant R(S) RS-76636 808-635-3160 Century 21 All Islands Princeville MLS 296603

Kalaheo $399,000 Land 41,513 sqft Almost an acre of vacant land with distant ocean and mountain views. Take advantage of building your home with beautiful views in a country setting. Utilities located near the property line, County Meter Box installed. Cheree A Rapozo RS RS-55768 808-651-1803 MLS601719

Kapaa - $430,000 3- Bd homes plus 1 BdFixer uppers delight. 1 Great Price Interior Area: 2,751 sq ft Lot Size: 7,317 sq ft MLS 283352 Call/Text Today! Lyle M. Otsuka, RA 808-635-3777

Kekaha - $880,000 2 bed/1 ba, 1,232 sq ft Kelly Liberatore, (B) (808) 639-2061 Coldwell Banker Makai Properties MLS# 289061

Kekaha- $279,000 This stunning plantation deClose to famous west sign home exemplifies side surf breaks. Needs splendid living complete your TLC. This is a 3 bdrm, with an inground swimming 1 ba., 800 sq. ft. living on pool. Main unit: 3 bdrms./3 a 4,760 sq. ft. lot ba. Detached Structure: MLS 295262 guest/office, 1 ba. over the F. Lee Morey, Realtor (PB, CRS, CDPE, SRS, 2 car garage MLS #296005 CLHMS) Priced @ $2,600,000 (808) 651-6720 F. Lee Morey (PB) 808-651-6720

Kapaa

Kekaha

Lihue

Waimea Princeville

Lihue

PRICE REDUCED

JUST LISTED Kekaha- $995,000 Land Area-1.03 acre(s) Mark Tanaka (R) RB-9222 808-639-0367 Kauai Realty MLS 236630

Hanamaulu FOR SALE

Kalaheo- $550,000 6 Bed/4 Bath Intertior Area: 2,204 sqft Land Area: 13,032 sqft Ashley Carvalho (RS) 808-639-9307 MLS296097

Kalaheo

Hanamaulu $430,000 3 Bed/2.5 Ba Living Area: 1,108 sq ft Land Area: 4,471 sq ft Kristin M Zimmerman R(A) RS-57897 808-651-9506 MLS298408

Kalaheo

Kapaa $785,000 4 Bd/3 Ba Enjoy the gracious & natural beauty of this 4 bedroom, 3 bath island-style estate. Set back on over 1.5 acres surrounded by numberous fruit trees. This ideally located home is priced to sell!! What a fabulous family compound Barbara Morrison RS RS-63073 808-631-9126 MLS603562

808-651-6720

Kekaha PRICE REDUCED

Kekaha

Princeville-$599,000 3 Bed/3 Ba, 1,318 sq.ft. Steven H Latham R(B) RB-21374 Century 21 All Islands Princeville 808-346-8775 MLS 296623

Lihue Princeville PRICE REDUCTION

Kekaha - $695,000 3 bed/2 ba, 1,728 sq ft Kelly Liberatore, (B) (808) 639-2061 Coldwell Banker Makai Properties MLS# 287576 Kalaheo- $695,000 6bed/ 2.5 bath Living Area- 2,399sqft Land Area-0.54 acre(s) Lana Anderson (RS) RS-76808 808-647-7700 Kauai Realty MLS 299065

Kekaha Lawai- $295,000 0.61 acre(s) Kevin M Horita R(B) RB-19351 808-639-8213 MLS296208

Kekaha - $749,000 3 bed / 2.5 bath, 1,772 sq. ft. Kelly Liberatore, (B) RB-17674 (808) 639-2061 Coldwell Banker Makai Properties MLS#268007

Kapaa

FOR SALE

Waimea - $750,000 2 bed/1 ba, 1,070 sq ft Kelly Liberatore, (B) (808) 639-2061 Coldwell Banker Makai Properties MLS# 297566

Kekaha

Kekaha- $299,000 A beach house that needs you to fulfill its potential on a 4,655 sq. ft. lot. This is a 3 bdrm, 1 ba., 800 sq. ft. living. MLS 295258 F. Lee Morey, Realtor (PB, CRS, CDPE, SRS, CLHMS) (808) 651-6720

Kalaheo

REDUCED

Lihue - $498,000 Lot Size: 5,000 sq ft Clifton A. Kukino (R) RB-15364 808-639-1490 Kauai Realty MLS601292

Stay Informed

Apartments For Rent KAPAA: The Courtyards at Waipouli 1, 2, & 3bd units, granite counters, custom cabinets, stainless appls, solar hot water, walk to beach & Kintaro. NO PETS Call for availability (808) 822-1300 www.courtyardsatwaipouli.com

Houses For Rent Princeville-$649,995 3Bd/3Ba 1,800 sqft Nathan W Smith (BIC) 808-651-9855 RB-20992 Century 21 All Islands Princeville MLS 295559

Subscribe today 245-0433

1 bdrm cottage in Kapaa. Available March 1. 808-822-7826

KALAHEO Fully Furnished 3bd/2ba home for rent, short term $3,200/month includes utilities. Call: (415) 383-1154

Kilauea

Kekaha- $1,495,000 Great 180 ocean view, fabulous hurricane resistant property on 31,757 sq. ft. of land. The home has 3 bdrms., 2.01 ba., 1,792 sq. ft. living area. This offer includes a workshop with 2 rooms, 1 ba., 400 sq. ft. of garage/work area. MLS 294914 Call F. Lee Morey, Realtor (PB,CRS, CDPE, SRS, CLHMS) at 808-651-6720

DEVOE PAINTS

Kilauea - $599,000 4 Bed/2.5 Ba Living Area: 1,803 sq ft Land Area: 10,654 sq ft Carol C. Cummings (RB) RB-14915 Kauai Realty 808-651-4766 MLS 296778

245-0433

HAMCO

1770 Haleukana Street Suite 102 Lihue, HI 96766 Supplier of glass products and hardware. Repairs & installation.

Joni Hamada-Patricio, Member Noel Patricio, Member License No. C-30983

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PRATT & LAMBERT PAINTS

Custom Color Matching • Sikkens Wood Finishes • Purdy Brushes • Graco Sprayers Home Owner • Maintenance • Commercial • Industrial

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Across From Kauai Community College 4490 Puhi Road, Lihue Mon-Fri 7:30am to 4pm • Sat 8am to 12 Noon YES! WE’RE OPEN DURING CONSTRUCTION!

TURTLE COVE REALTY

Subscribe today

Kapaa- $380,000 1.63 acre(s) June K. Araki (RS) RS-25303 808-482-1855 Kauai Realty MLS 600513

Lihue- $219,000 2 bed/1 Ba Condo Interior Area: 747 sq ft 55+ age requirement James "Kimo" St. John RS- 59981 (808) 635-8016 Maile Properties of Kauai MLS 295988

Lihue -$725,000 2 Bedrooms/2 Bath Interior Area: 1,510 sq. ft. Lot Size: 10,073 sq. ft. Jesse Fukushima(RS) RS-71180 Kauai Realty 808-631-7602 MLS298024

thegardenisland.com

GLASS & GLAZING LLC

Kalaheo- $795,000 3bed/ 2 bath Living Area- 3,134 sqft Land Area-18,449 sqft Shelly Kaui Carvalho (RS) RS-64829 808-652-3886 Kauai Realty MLS 298556

Lihue $245,000 2 Bd/1 Ba 747 sqft WAKE UP TO A RADIENT SUNRISE from Lihue $585,000 4 Bd/2.5 Ba 1,840 sqft your living room or master GREAT LOCATION! 4 Bed- bedroom! Absolute best, at the Sun Village highly room 2.5 bath, Ranchdesired Ocean-view A style corner lot home backing Ulu Ko Park. Open building! This beautiful unit has been completely floor plan with separate renovated with great atlaundry room from 2 car tention to detail and garage entry. delightful custom Barbara Morrison RS features.Island living evRS-63073 eryone is looking for. 808-631-9126 Barbara Morrison RS MLS602892 RS-63073 808-631-9126 MLS602509

Lihue - $529,000 2 Bed/1.5 Ba Home Interior Area: 969 sq ft Lot Size: 6,785 sq ft Edward Guerrero RS- 72320 (808) 652-6121 Maile Properties of Kauai MLS 601331

Waimea - $560,000 2 bed/2 ba, 1,060 sq ft Kelly Liberatore, (B) (808) 639-2061 Coldwell Banker Makai Properties MLS# 296411

Kekaha

Kalaheo 4460 Ikena Pl., #54 One of the most attractive Units in Kalaheo Pali Kai. Private End Unit Condo with 3 bdrms, 2 full ba. and a loft for an office or room for an additional bed. Living area is 1,265 sq.ft. Distant ocean views. Great access from parking. MLS #604218 Priced @ $395,000 F. Lee Morey (PB)

Waimea - $199,000 10,043 sq ft Kelly Liberatore, (B) (808) 639-2061 Coldwell Banker Makai Properties MLS# 294254

Princeville-$799,900 3 Bed/3 Ba, 2,217 sq.ft. Mark Goodman R(S) RS-74555 Century 21 All Islands Princeville 808-651-5466 MLS 603565

Ph. (808) 245-8793 Fax (808) 245-3642

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Tim Mira R E A LT O R – B R O K E R , R B - 2 1 1 3 0

KauaiPropertySearch.com

808.639.2263 TimMira@HawaiiLife.com

Cory Mira R E A LT O R – S A L E S P E R S O N , R S - 7 8 3 9 5

808.635.7809 CoryMira@HawaiiLife.com

Hawai‘i Life Real Estate Brokers HawaiiLife.com |

RB-19928

Poipu Beach Estates Lot 107 | .30 acres land | Offered for $419K | MLS 602823


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