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July housing starts up a slight 0.9 percent as tariffs bite ASSOCIATED PRESS WASHINGTON — U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9 percent plunge seen in June as rising lumber, land and labor costs appeared to constrain new construction. Lumber prices have shot up by about $7,000 per home since the start of 2017, largely due to tariffs on Canadian softwood lumber by the Trump administration, according to the National Association of Home Builders. “It looks like U.S. homebuilders are finding it increasingly difficult to get into the groove,” said Jennifer Lee, a senior economist at BMO Capital Markets. Still, housing starts have risen 6.2 percent year-to-date. Solid job growth and a dearth of existing homes for sales have increased demand for new properties. Prices are also a factor for would-be buyers, who are facing higher mortgage rates this year. The average interest on a 30-year, fixed-rate mortgage was 4.53 percent this week, up from 3.89 percent a year ago, according to the mortgage company Freddie Mac. Ground breaking fell last month in the two priciest regional markets: the West and Northeast. But starts increased in the more affordable markets of the Midwest and South. These regional differences caused Stephen Stanley, chief economist at Amherst Pierpont Securities, to suggest that weather might be a source of the slowdown.

Average US mortgage rates fall; 30-year at 4.53 percent ASSOCIATED PRESS WASHINGTON — Long-term U.S. mortgage rates fell this week for the second straight week, with relatively lower rates continuing to fail to spark home sales. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages dipped to 4.53 percent from 4.59 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24. By contrast, the rate stood at 3.89 percent a year ago. The average rate on 15-year, fixed-rate loans fell to 4.01 percent this week from 4.05 percent last week. Mortgage rates have remained mostly steady since late spring despite higher rates of inflation and unease in world financial markets. But the pause in borrowing rates “is not leading to increasing home sales,” said Freddie Mac chief economist Sam Khater. Rising home prices, tight inventories of affordable homes and historically higher mortgage rates are to blame, Khater said. To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates.

The importance of thoughtful staging from the others – in order to garner the most attention leading to a successful sale. o matter the value of your It does not mean a Seller needs home, when preparing it for to spend a lot of money to stage or today’s real estate market, spruce up. Staging begins with dehaving it properly staged can make cluttering and giving the home a all the difference in how it’s rethorough cleaning, primarily the ceived by the buying public. kitchen and bathrooms. It’s very Once a person puts their home important these are tidied up -- and or condo on the market, it really kept that way while the home is for needs to be treated as a shiny obsale. Editing our much beloved ject sitting in a department store family photos and souvenirs from window for all to see. Hopefully, that special vacay is vital to their real estate agent or broker thoughtful staging, yet these steps can offer a few pointers to help involve little or zero costs up front. make their property stand out Staging can also be done by rearByron Barth, R(S) COLDWELL BANKER MAKAI PROPERTIES

N

ranging some furniture or by adding a new throw pillow here and there or a new bedspread or two. Again, these do not need to be expensive. Shopping during sales at a favorite store can be very helpful. A fresh bouquet flowers, or even greens from one’s own yard, can add a lot of impact during the photo session and open houses. The photo here is a prime example of how effective, budget-minded staging can work. When Roberta Charles, R(B) and I were hired as co-listors of this lovely property in Poipu Beach, the master bedroom was some-

what sparse in décor that included a bare mattress on the existing frame. With prudent shopping and creative thinking, Roberta and I were able to stage this room to one of welcoming warmth and distinctive comfort at reasonably low expense. As part of our co-listing services, Roberta and I exclusively offer complimentary staging services where the Seller only pays for the staging goods purchased. For those interested in learning more, I am happy to answer any questions at 808-212-5823 or email byron@ makaiproperties.com.


Page 6 Friday, August 17, 2018

THE GARDEN ISLAND

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246-0325

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Rent: $2,500/month

Security Deposit: $2,500


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THE GARDEN ISLAND

KAUAI’S Kapaa

Friday, August 17, 2018 Page 7

real estate directory

Kekaha

Lihue

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Wailua

NEW LISTING

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Kalaheo-$698,000 1 Bed/1 Ba. Interior Area: 1,210 sq. ft. Lot Size: 3.09 acres Tad Miura RB-12398 808-652-6698 MLS 613705

Kalaheo- $779,000 4 Bd./3 Ba. Interior Area: 2,112 sq ft. Lot Size: 8,261 sq.ft. Edward Guerrero RS- 72320 (808) 652-6121 Maile Properties of Kauai MLS 616594

Kekaha - $959,900 3 Bd./2 Ba. Interior Area: 1,734 sq. ft. Lot Size- 10,000 sq.ft. Kelly Liberatore, (B) RB-17674 (808) 639-2061 Coldwell Banker Makai Properties MLS# 610903

Princeville

Kekaha - $649,000 2 bed/1 ba, 1,070 sq ft Kelly Liberatore, (B) RB-17674 (808) 639-2061 Coldwell Banker Makai Properties MLS# 297566

Kekaha- $995,000 Lot Size: 1.19 acres Mark K. Tanaka (RB) Kauai Realty 808-639-0367 MLS 236634

Halemalu at Puhi 2143-A Kelikoli St. Apt. 17 Great location and great starter home. This 2-story condo has lots of closets and storage. It is a 3bdrm/ 2.5 bath, 1,189 sf living space, 371 sf of garage with a back yard for the kids to play. It’s affordable and charming. MLS#618605, $495,000.00. Call F. Lee Morey, PB, Realtor (CRS, CDPE, SRS, CLHMS) @ 808-651-6720 F. Lee Morey (PB)

Wailua-$167,000 Lot Size: 1.17 acres Glen Kojima RS-80593 glen@kauairealty.net MLS 620177

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Houses For Rent

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Hanamaulu 3 Bedroom, 2 Bath Partly Furnished. Utilities Not Included. Available Aug. 30th $2,000 (808)652-4172

Lihue$479,000 3 Bed/2.5 Ba Interior Area: 1,154 sq. ft. Clifton A. Kukino RB RB-15346 808-639-1490 MLS 620152 Princeville-$3,000,000 3 Bd./3.5 Ba. Interior Area: 3,270 sq.ft. Lot Size: 12,736 sq.ft. Greg Horn RS RS-78685 808-652-7823 MLS 611751

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Lihue-$602,800 Lot Size: 13.07 acres Ashley Carvalho RS RS-73535 808-639-9307 MLS 614753

Waimea-$265,000 3 Bed/1.5 Ba Living Area: 748 sq. ft. Land Area: 12,458 sq. ft. Brian Kimura RB RB-14985 808-651-6201 MLS 299161

Wailua-$595,000 3 Bd./2 Ba. Interior Area: 950 sq. ft. Lot Size: 8,059 sq. ft. Leah Ragsac RS RS-80621 808-212-4086 MLS 619063

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Waimea-$630,000 3 Bd./3 Ba. Interior Area: 1,882 sq.ft. Lot Size: 10,671 sq.ft. Eric Yama RB RB-10975 808-639-3414 MLS 608333

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Port Allen~ 10,400 Sq. Ft. Contractor Base Yard Vehicle/Equipment Storage Tow Truck Payment Center $4,000 per Month 3-5 Year Lease Term

Wailua

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3011 Pua ’Akala Pl. This stunning plantation design home exemplifies splendid living complet4e with an inground swimming pool. Main unit: 3 bdrms./3 ba. Detached structure: gue st/office, 1 ba. over the 2 car garage MLS #614764 Priced @ $2,499,000 F. Lee Morey (PB)

Kekaha Rental As of 8/15/18, a 4 bdrm house w/1&1/2 baths, a large fenced back yard w/gazebo, all completely furn, turn key, full time rental, w/furniture, linens, kitchen ware, bath products, utilities included. Referrals req’d. Email: phnamahana@ yahoo.com. $1950/ mo + deposit.

VACANT INDUSTRIAL LAND

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Kekaha - $825,000 2 bed/1 ba, 1,232 sq ft Kelly Liberatore, (B) RB-17674 (808) 639-2061 Coldwell Banker Makai Properties MLS# 289061

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Lihue Sun Village $179,000, Unit B-101 2 Bed./1 Ba. Interior area: 747 sq ft. Kimo St. John RA RS- 59981 (808) 635-8016 Maile Properties of Kauai MLS 616185

Kekaha

NEW LISTING

5492 Puulima Rd., #D This parcel is a beautiful subdivision with a well developed infrastructure and spectacular views. Water meter in. Top of Kauai overlooking ocean. Lot is 21,867 sq. ft. MLS#619700 Priced @ $395,000 . F. Lee Morey (PB)

Lihue-$285,000 2 Bd./ 1 Ba. Interior Area: 920 sq. ft. Shelly Kaui Carvalho RS-64829 808-652-3886 MLS 617058

For Rent

Waimea - $570,000 2 bed/2 ba, 1,060 sq ft Kelly Liberatore, (B) RB-17674 (808) 639-2061 Coldwell Banker Makai Properties MLS# 296411

Kalaheo Kapaa-$808,888 3 Bed/1 Ba Lot Size: 11,250 sq. ft. Carol C. Cummings RB RB-14915 808-651-4766 MLS 619550

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INGTO WASH ate U.S. mortgthis week. t percen ie Mac said year fixed-r d to 3.93 Fredd 30slippe age buyer mark Mortg that the bench down from Rd. was day perAhukini Thurs loan rate and 4.16 Hwy & year home t last week r of Kuhio ate 3.94 percen ago. corne year 15-year, fixed-r refiOn the cent a those on The rate popular with un, was t. ages, mortg their homes 3.36 percen g at nancin this week year ago. ed ta chang ar adjust 3.37 percen Kauai was It on five-ye rose to 3.36 Kim Chee/ Miki Macs; Haole Girl Sweets; Kauai The rate Cofee ages Roasters/ last week Monkeypod Jam; Hanalei te mortg percent Aunty Lilikoi;able-ra Moloa'a Bay Coffee; 3.35Kala 'O ago.Kauai; Mailelanis; Kula t from Express; Heavenly Hakus Bakery, ents. Kookies; Kopercen l Ret a year Wahine; Tropical Flowers Salty Lures; Federa percen Water hly Paym White the t Precious Kreations/ and 3.19 sday, interes um mont On Wedne short-term in 2017. “The val. Minim raised appro in the serve the third time priced for 6pm ct to credit rates had already interest Fri 9amrm t ble - Subje marke so long-te age rates, -3pm : Mona cing Availa OPEN Sat 10am rate hike, ing mortgLen Kiefer, Finan includ ,” said rates, moved mist. age hardly Mac econo e mortg s ie Fredd s lender ate averag To calcul ie Mac survey en MonFredd y betwe week. rates, countr each the across Wednesday day and

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