#uhero forecast
UHERO forecast: Federal cuts raise risk of Hawaiʻi economic downturn
The clearest near-term risk is federal layoffs, which could result in a loss of more than 2,000 local jobs, fully offsetting growth in construction and the lift from local tax cuts. Together with other federal policies, this places the Hawaiʻi economy at risk of recession over the next few years, UHERO reports.
UHERO forecasts a lagging Maui recovery and slower overall Hawaiʻi growth
Maui’s economy will only gradually recover from its post-wildfire downturn while visitor industries in other counties across the state will continue to operate at high levels, according to the University of Hawaiʻi Economic Research Organization’s (UHERO) third quarter forecast for 2024.
UHERO forecast: State faces headwinds, Maui recovery is ongoing
UHERO forecast: “There remain a host of uncertainties surrounding Maui’s future recovery path, including how fast residents can be moved from hotels to more permanent housing, the speed of ongoing cleanup work, the extent and duration of support programs, and how long and in what fashion rebuilding will occur.”
New UHERO dashboard highlights areas of Hawaiʻi housing crisis
The University of Hawaiʻi Economic Research Organization launched a publicly available, interactive housing data dashboard on Sept. 26, that allows users to customize their data reports based on location, with information such as property and rental market, demographics, zoning and housing stock. UHERO designed the dashboard to inform discussions on the way forward for housing in Hawaiʻi.
UHERO: ‘Wildfires deliver heavy blow to Maui economy,’ rebuilding challenges detailed
The report shows Maui lost more than $13 million of visitor spending each day in the weeks following the fire. With the planned Oct. 8 reopening of unaffected West Maui resort areas, economists are not anticipating a rush to travel, but a gradual recovery instead.
