Cover Your Bases: Hawaiʻi Contractors are Insuring Against More Risk Amidst a Tighter Bond Market
October 9, 2024
Our senior bonding and credit analyst Eric Domingo shares insights on the residential construction landscape across the islands. Overall MHB market expected to decline in 2024 unless bank interest rates drop significantly. However, potential growth seen in specific areas like Hawaiʻi Island subdivisions and DHHL projects. Kaua'i sees surge in affordable housing projects, O'ahu and Hawaiʻi Island remain steady, especially with owner-builder projects in Hilo. Maui County expected to increase demand as permit processing speeds up.