Forecast

UHERO Forecasts provide the Hawaii community with analysis of economic trends in the State and the Asia-Pacific region.

UHERO State Forecast Update: Slowing Ongoing, Despite Arrivals Boom

The Hawaii economy is decelerating. Job growth this year will come in at less than 1%, down from nearly 2% just two years ago, the …

Hawaii Construction Forecast: Construction Easing, But More in the Pipeline

After several years of rapid expansion, the pace of building has eased. A number of significant condo and retail projects have wrapped up on Oahu, …

UHERO County Forecast: Economies Still Growing, But Slowing

Prospects are good for continued growth in each of Hawaii’s four counties, if at a slower pace than in recent years. The tourism expansion has …

UHERO State Forecast Update: Growth Continues, For Now

Hawaii’s economy has started the year in fine form. Moderate job and income growth are continuing, and generally favorable global and national conditions are maintaining …

UHERO State Forecast Update: As Growth Ebbs, Risks Swell

After seven years of sustained growth in the Islands, deceleration is now underway. In part this stems from the slowing pace of construction industry expansion. …

Annual Hawaii Forecast with Asia-Pacific Outlook: Healthy Economy Faces New Administration Risks

The Hawaii economy continues to perform well. Visitors are up, unemployment is down, and the pace of building remains healthy. But the expansion, now in …

UHERO State Forecast Update: Hawaii Growth Downshifting

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 …

Hawaii Construction Forecast: Building Cycle Approaches Peak

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, …

UHERO County Forecast: Counties Share Positive Outlook, But Face Individual Challenges

Hawaii’s four counties are moving steadily forward, accommodating new visitors, restoring lost jobs, and growing household incomes. Prospects remain good for the next few years, …