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  • 06/18/2025 Housing starts across the U.S. fell 9.8% in May 2025 to a seasonally adjusted annual rate of 1,256,000, the lowest since 2020, driven by a sharp drop in multifamily construction and a modest 0.4% rise in single-family starts, according to the U.S. Census Bureau and HUD. (Source: Inman)
  • 06/18/2025 The Federal Reserve's decision to keep interest rates unchanged in June 2025 maintains high borrowing costs, with credit card rates above 20%, auto loan rates at 7.3% for new cars and 11% for used, and 30-year mortgage rates at 6.91%, impacting affordability for consumers. Despite pressure from President Trump for a rate cut, the Fed's stance reflects economic uncertainties. (Source: CNBC)
  • 06/16/2025 The Kahikinui brush fire in East Maui, which grew to 500 acres by 7 p.m. on June 15th, prompted evacuation orders for 30-40 homes near Mile Markers 24-25, with no containment reported and Piilani Highway reopening at Mile 27.5 by 7:51 p.m. (Source: Maui Now)
  • 06/16/2025 A corrupt Hawaii County housing specialist, Alan Rudo, and his partners exploited the affordable housing credit system, fraudulently obtaining nearly $11 million through unbuilt projects, prompting an FBI investigation and federal convictions for Rudo and three associates. (Source: Civil Beat)
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