State of Hawaii - Coastal Construction Up 6.5%

Real Estate Broker/Owner with Summit to Sea Realty Corporation

Some interesting information about our current market here!!!

Pacific Business News (Honolulu) - July 21, 2006

Hawaii saw a 6.5 percent jump in coastal construction in 2005, fueled by demand to build luxury resorts and vacation homes on Maui.

State planners report that the number of permits to build along Hawaii's coastlines grew to 311 in 2005 from 292 the previous year.

The greatest demand was reported on Maui, which saw 225 permits for coastal construction, said Douglas Tom, manager of Hawaii's coastal zone management program in the Hawaii department of business, economic development and tourism.

Oahu reported 33 permits for coastal construction, compared with 29 on Kauai and 33 on the Big Island.

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