#median rent

Bills have been referred to committees in both chambers of the Hawaiʻi State Legislature to limit the amount landlords can raise rents for tenants at a time of desperate housing shortages and renters having few, if any, options if they can’t afford demands for higher monthly rent payments.

Hawaiʻi’s economy has been sustained by a resilient US economy and the gradual return of international visitors. According to the University of Hawaiʻi Economic Research Organization’s first quarter forecast for 2024, with the islands’ post-pandemic recovery now largely complete, the economy will downshift this year, and growth will increasingly come from local sources, including a robust construction sector bolstered by the rebuilding of Lahaina, Maui.