New Home Sales Up 25.4% Last Month

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According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years.

Model home at Hoakalei Koa Premier Series 60.40

Trulia’s Chief Economist, Ralph McLaughlin had this to say:

“New home sales jumped sharply in June, and marked the best month since February 2008. This is a continued sign that demand for homes remains solid and aptly reflects increasing homebuilder confidence.”

Sales have been climbing consistently over the last six months as shown in the graph below.

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One of the many reasons why many homeowners turn to the new homes market to find their dream home is due to the lack of existing homes for sale. As we have mentioned before, buyer demand is outpacing the supply of homes for sale at record rates.

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Beach Club at Hoakalei Wai Kia Lagoon

Amenities

Hoakalei homes are a very desirable market here in Ewa Beach and on Oahu. You can get a newer or brand new home in a beautiful tree-scaped neighborhood, with a private beach club with water crafts to play with, and private country club with an Ernie Els Golf Course. All three neighborhoods come with ether a private pool, or a pool and gym and tennis court.

Bottom Line

If you are a homeowner who is debating listing your home for sale this year, now may be the time. Let’s get together to help you take advantage of the buyers that are ready, willing and able to buy in your area.

If you need any information about selling or about buying a home, please contact me.

Aloha for now! See you next time!

MM

P.S. I love my Hoakalei life!

Live the dream...Get your Hawaii Life now.#MMSellsHawaii