UHERO State Forecast Update: Hawaii Growth Downshifting

From UHERO, September 30, 2016

Hawaii’s economy continues to roll along, but with signs of a slowdown ahead. The environment for tourism remains guarded, and the maturing of the construction cycle will remove what has been a major impetus for growth. Compared with recent experience, average rates of growth for jobs and income will trend lower over the next several years.

This analysis and near-term forecast was provided to Sponsors and Subscribers as part of the UHERO Construction Forecast. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

PDF: Full Report

Hawaii Construction Forecast: Building Cycle Approaches Peak

From UHERO, September 30, 2016

Construction has accelerated over the past year and will approach its cyclical peak over the next. Jobs and income are now growing at double-digit rates, driven by strength across all major sub-sectors and, increasingly, all counties. Increments to growth will be much smaller going forward, and activity will begin to fall off by 2018 as the surge in resort and condo building wanes, costs for builders and homebuyers mount, and global economic conditions become less favorable.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

PDF: Public Summary