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NOVEMBER  2012
 
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Construction on the Rise
 

Real Estate Market Finally Poised for a Comeback?

With the economy still in recovery mode, buyers and builders are more cautious than ever when it comes to purchasing and constructing new homes and businesses. But there seems to be a positive outlook for the real estate market, according to the University of Hawaii Economic Research Organization's (UHERO) quarterly forecast.

The UHERO report shows continued growth with private building permits in the state increasing for the third consecutive quarter—the last time this occurred was in 2006. Residential permits are up 20 percent from last year with moderate upward movement for commercial permits.

With the increase in permitting and a tripling of government contracts awarded in the second quarter of this year, UHERO expects construction jobs to end 2012 with a 0.6 percent rise from 2011. That slight rise is expected to jump to 7.7 percent in 2013, indicating Hawaii may be in the midst of the next home building cycle.

"Confidence amongst home builders is gaining momentum and that bodes well for not only the real estate market, but the entire economy," said Ken Laughlin,

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Supporting HLPA  
 
 

Membership in HLPA

It is with our members support that the HLPA is able to educate our target markets including the general public, homeowners, commercial builders, designers, and architects about all of the benefits and added value received when choosing to build with wood, currently the most cost-effective and "green" sustainable building material.

According to HLPA President, Ken Laughlin "Our associations members are building related businesses and professionals from a variety of industries that support construction throughout Hawaii. The HLPA continues to grow in membership year after year while the choice to build with wood continues to grow.

To find out more about membership please us at 541-WOOD (9663) or visit us online at www.HawaiiLumber.com.

Established in 2003, the Hawaii Lumber Products Association (HLPA) is committed to the education and promotion of lumber products as the best choice for construction in Hawaii.






HLPA exhibited at the 2012
AIA/CSI Exposition held at
the Convention Center last month.

 

 

 
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2012 hlpa
wood & lumber
resource guide
 
 

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Tel:1 808 541-WOOD (9663)

Email:
info@hawaiilumber.com


Address:
P.O. Box 30866
Honolulu, HI 96820
 
 
© 2012 HLPA - Hawaii Lumber Products Association. All rights reserved.
 
 
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