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Coming Up This Weekend!

It’s Wailuku Town’s First Friday, this Friday December 2nd from 5:30 pm to 10:00 pm on Market Street in Wailuku.  This Friday there will be a Christmas Parade featuring Santa!  Other special features include a photo booth, art show, live music, crafts and great food!  You can view all the events and guests performing via the Maui Fridays website.

Friday December 2nd and Saturday December 3rd Oregon State hosts the Maui Jim Maui Classic Basketball tournament.  Joining Oregon State will be University of Nevada Las Vegas, University of Idaho, and Brigham Young University. This event will take place at the War Memorial Gymnasium.  Two games will be played each day.  There will also be live entertainment, food trucks, and a slam dunk performance at the end of each day.  Ticket available to purchase at $10.00 a day. All proceeds to benefit local non-profit organizations.  If you would like to become a sponsor, or need more information on this event, visit the basketballMaui website.

On Sunday December 4th, the Grand Wailea will be having their annual tree lighting ceremony.  Enjoy more then 8 miles of lights along the driveway leading to the Grand Wailea.  Beginning at 5:00 pm refreshments will be served and at 5:30 pm the tree lighting ceremony will take place.  You can view the activities available at the Grand Wailea here.

Enjoy the rest of your week and weekend!

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Economic News

Housing starts rocketed to a nine-year high, while retail sales exceeded market expectations and layoffs dropped to their lowest point in 43 years.

Housing Starts

Starts on new housing construction hit their highest point since the height of the housing boom in 2007. Starts on private housing in October shot up 25.5 percent, to reach an annual rate of 1.32 million, according to last week’s joint release from the Census Bureau and the Department of Housing and Urban Development.

Compared to the same period last year, October’s rate for overall housing starts was 23.3 percent higher than October 2015’s rate of 1.07 million. Starts on single-family homes grew 10.7 percent to hit a rate of 869,000.

“Housing starts are being driven higher by improved household growth as the economy promotes further job and income gains,” Nationwide Mutual Insurance Co. Chief Economist David Berson told U.S. News & World Report. “With improved employment and income prospects, millennials are an expanding portion of housing demand as they move out of their parents’ homes — increasingly to form families.”

Construction permits issued for private housing ticked up 0.3 percent in October to an annual rate of 1.22 million, which was 4.6 percent over October 2015’s rate of 1.17 million. Permits for single-family homes grew 2.7 percent in October to a rate of 762,000, which was 2.7 percent higher than September’s 742,000 permits.

Retail Sales

Retail sales for October grew 0.8 percent to hit $465.9 billion, beating marketing expectations of 0.6 percent, and sales for the August-through-October period increased 3.3 percent, the Census Bureau reported last week. Compared annually, October’s sales were 4.3 percent higher than October 2015’s and notably sales in October for non-store retailers (such as online businesses or kiosks) jumped up 12.9 percent over their October 2015 sales.

Key performers were sales for gasoline stations, which grew 2.2 percent; sporting goods, hobby, book and music stores, which increased 1.3 percent; building material and garden stores, which gained 1.1 percent; and food and beverage retailers, which enjoyed a 0.9 percent gain.

“The consumer is in very good shape and is poised to continue to lead the economy forward based on rising wages, low unemployment and clean balance sheets,” Amherst Pierpont Chief Economist Stephen Stanley told the Wall Street Journal.

Initial Jobless Claims

First-time claims filed for unemployment benefits by the recently laid off during the week ending November 12 tumbled to 235,000, a decline of 19,000 claims from the preceding week’s total of 254,000, the Employment and Training Administration reported last week. This is the lowest level for lay-offs since November 24, 1973’s total of 233,000.

The four-week moving average — considered a more stable measure of layoffs — fell to 253,500, a drop of 6,500 claims from the prior week’s average of 260,000.

This marked the 89th straight week of initial jobless claims below 300,000 — a level that economists say indicates a growing job market — and the longest streak since 1970.

This week we can expect:

     Tuesday — Existing home sales for October from the National Association of Realtors.

      Wednesday — New home sales and durable goods orders for October from the Census Bureau; initial jobless claims for last week from the Employment and Training Administration; consumer sentiment for November from the University of Michigan’s Survey of Consumers.

       Friday — Wholesale inventories for October from the Census Bureau.

Thank you to Brady Spangler of Axia Home Loans for this information.

Happy Thanksgiving!

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From our Ohana to yours, wishing you a very Happy Thanksgiving!

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Hansen Ohana Annual Toy Drive

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Article Provided By The Maui News

Tis the season!  The Hansen Ohana prides itself on community involvement. Each holiday season their annual toy drive provides hundreds of gifts for Maui children that would otherwise not be celebrating the holidays.  From infants to teenagers, the toy drive helps provide gifts and gift cards for all ages.  Your gift or contribution is greatly appreciated!

 ~ Help our Maui Children in Need ~ 

Please bring an unwrapped gift, gift certificate or donation, by check, made payable to:
The Children’s Justice Center.

It’s not just about toys, Friends of the Children’s Justice Center of Maui contributes to medical and special needs that children would not otherwise receive.

Drop off at The Wailea Town Center, Suite A-106 or we’re happy to pick up, just call us (808) 874-8473!
All gifts are distributed to Maui Children Only! 

 We look forward to seeing you and together making a difference in our community!

The Hansen Ohana,
Bob, Clint, Donna and Carolyn
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More Events This Weekend!

Heres Maui’s weekend event schedule:

SATURDAY:

Lipoa Street Farmers’ Market    8:30 AM – 12:00 NOON
Maui Swap Meet at Maui Community College     6:00 AM to 1:00 PM
Ono Organic Farms Farmers’ Market in Hana    10:00 AM to 6:00 PM
Upcountry Farmers’ Market at Pukalani Longs Drugs    7:00 AM – 12:00 NOON
Maui Open Market, Maui Tropical Plantation    10:00 AM -4:00 PM
Hana Fresh Market    All Day
Paia’s One Love Farmers Market    10:00 AM – 4:00 PM

SUNDAY
Ono Organic Farms Farmers’ Market in Hana    10:00 AM to 6:00 PM
Hana Fresh Market    All Day
Paia’s One Love Farmers Market    10:00 AM – 4:00 PM

Thank you Old Republic Title for this information.