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Annual Hawai’i Construction Forecast: Construction Downturn Milder than Mainland

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Hawaii’s construction sector is now on the downward side of the cycle, but slowing continues to be considerably more moderate than in many U.S. mainland markets. The current business cycle slowdown, increased land and construction costs (mostly due to a surge in commodity prices), together with tighter credit conditions present challenges for new construction in the islands. Local non-residential construction and military housing renovation projects are helping to moderate the cyclical downturn. 

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