Private Equity Helps Build Needed Housing in Hawai‘i
Affordable and workforce housing is costly and complicated to build. Developers depend on private investments to bring thousands of units to market.
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Affordable and workforce housing is costly and complicated to build. Developers depend on private investments to bring thousands of units to market.
Last month, single family homes typically took 47 days to sell. In February 2022, it was 13 days, and two years ago it was just nine.
The nonprofit erects 15 to 20 homes a year in batches, largely using the labor of volunteers and the eventual homeowners.
Kailua-Waimānalo’s median price fell only 3% in January, but Pearl City-ʻAiea’s was down 24%.
It appears counterintuitive, but the number of people in each category has grown, according to a new report.
Report from Hawaiʻi Life details the 2022 market for luxury real estate in the Islands and anticipates strong demand for $3 million-plus homes in 2023.
In a recent interview, Benjamin describes the company’s transition to being entirely focused on Hawai‘i commercial real estate.
The statewide association supports a bill that would allow the counties to reclassify up to 100 acres of nonessential agricultural land if at least half of it is for affordable housing.
The biggest median price gain in 2022 was on the North Shore; most sales were on the ʻEwa Plain.
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