List Your Equipment  /  Dealer Login  /  Create Account

Hawaii Expects Spending to Hit $9B This Year

Wed October 10, 2018 - West Edition #21
Associated Press


The University of Hawaii Economic Research Organization projects a 7 percent increase in Hawaii's construction spending from last year's $8.4 billion.
The University of Hawaii Economic Research Organization projects a 7 percent increase in Hawaii's construction spending from last year's $8.4 billion.

HONOLULU (AP) Hawaii economists expect statewide construction spending to reach a decade high of $9 billion this year despite last year's projections of spending leveling out.

The Honolulu Star-Advertiser reported the analysis by the University of Hawaii Economic Research Organization projects a 7 percent increase in construction spending from last year's $8.4 billion.

According to the report, spending by contractors building homes, renovating hotels, improving public infrastructure and other work should remain at about $9 billion for the next three years.

Should construction spending grow as predicted, it will be the most since the $10.2 billion recorded in 2008. Hawaii spending peaked in 2007 at $10.6 billion.

According to the report, the number of industry jobs is expected to fall by 3 percent this year to 35,100.




Today's top stories

WisDOT Improves Safety With $136M Bypass

Kelly Tractor Hosts Cat Operator Challenge at Miami Headquarters

Cullman Regional Hospital Undergoing $30M Expansion

Bobcat Brings Electric-Powered Construction Equipment Innovations to California

Doosan Announces Its Top-Performing North American Dealers of 2021

Hyundai Construction Equipment Americas Names Shafer Equipment Dealer of West Virginia

Hills Machinery Holds Grand Opening for New Leland, N.C., Facility

Decade After Bridge Was Demolished, Maine Town Hopes for New One Soon


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo
39.04690 \\ -77.49030 \\ Ashburn \\ VA