Hawaii’s economic expansion continues, but slowly. Now the incoming Trump Administration introduces uncertainty. Under the assumption of policy changes that are sharp but limited in scope, we will see a short-term boost to tourism and local incomes, but medium-term supply side challenges and an uptick in inflation. Maui rebuilding will add to already-buoyant construction, even as home affordability woes continue.
UHERO Executive Director Carl Bonham provides a summary of the 2024 fourth quarter forecast report in this episode of “UHERO Focus.”