Aloha & Good Morning!
Today Maui will be sunny with highs in the upper 80’s!
The
Realtor’s Association of Maui recently released the May sales statistics. As I have done in previous months, you will
see two sets of numbers. The first set
shows you how many units sold in each of the three categories: residential
sales, condo sales and vacant land sales.
The second set of numbers shows you the median price for each
category. Each set of data compare the
numbers for sales made from January through May and we look at 2014 vs.
2013.
See the full
Realtors Association of Maui report for May 2014
If
you have any thought of buying a Maui vacation property or any other Maui
county property this year then I highly suggest you start shopping now. Real Estate Sales Maui makes this part fun
and easy with our free mobile app. You
can download it today and start looking for your Maui dream address on your
table or smart phone.
Don't forget to get your name in for this year's exciting iPad
giveaway!
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articles, videos and advice? Check out the Real Estate Sales Maui Team
on FACEBOOK, TWITTER, BLOGGER and PINTEREST
Lender Corner by Craig Haueisen
Last Week In The News
Total construction spending rose 0.2% to $953.5 billion in
April. Compared to April 2013, construction spending has risen 8.6% on a
year-over-year basis.
The Mortgage Bankers Association said its seasonally adjusted
composite index of mortgage applications for the week ending May 30 fell 3.1%
from the previous week. Purchase volume fell 4%. Refinancing applications
decreased 3%.
Manufacturing activity rose to 55.4 in May after a reading of
54.9 in April. A reading above 50 signals expansion. It was the 12th
consecutive month of expansion, and the overall economy grew for the 60th
consecutive month.
Factory orders rose $3.4 billion, or 0.7%, in April to a
seasonally adjusted $499.8 billion. This follows a 1.5% increase in March.
Excluding the volatile transportation sector, new orders increased 0.5% in
April.
The trade deficit increased from $44.2 billion in March to $47.2
billion in April. Exports fell $0.3 billion to $193.3 billion. Imports
increased $2.7 billion to $240.6 billion.
Retail sales rose 2.9% for the week ending May 31, according to
the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales
increase 3.1%.
Non-manufacturing activity rose to 56.3 in May from 55.2 in
April. A reading above 50 signals expansion. It was the 52nd straight month of
expansion in the services sector.
Initial claims for unemployment benefits for the week ending May
31 rose by 8,000 to 312,000. Continuing claims for the week ending May 24 fell
by 20,000 to 2.603 million, the lowest level since October 2007. The less
volatile four-week average of claims for unemployment benefits was 310,250, the
lowest level since June 2007.
The unemployment rate remained unchanged at 6.3% in May. Employers
added 217,000 jobs in May and revised the April figure of jobs gained from
288,000 to 282,000.
Upcoming on the economic calendar are reports on wholesale trade
on June 10 and retail sales on June 12.
Craig Haueisen is a Loan Officer with Prospect Mortgage.
Please feel free to email him or call him for any of your Mortgage needs.
Office: 808-298-7549 or Email: craig.haueisen@prospectmtg.com
Click here to visit Craig's website and apply online: http://myprospectmortgage.com/CHaueisen
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