Report: Construction Gains Smaller Than Expected

Mar 27, 2015

While several construction cranes dot the Honolulu skyline, economists say residential permits actually fell last year.
Credit Flickr / jdnx

The construction industry isn’t growing as quickly as economists had expected. That’s according to a new report by the University of Hawai‘i Economic Research Organization. Despite a surge of activity on Oahu, the annual forecast says residential building permits actually fell last year. HPR’s Molly Solomon tells us why.

You can read UHERO's full Construction Forecast report here.