Quarterly Hawai‘i Construction Market update

Hawai’i’s construction market posted its second-strongest first quarter in the past decade, with total spending reaching approximately $2.09 billion. The robust Q1 result was higher than the first quarter of last year ($1.84 billion) and the previous quarter, Q4 2025 ($781 million).

Despite the positive start to construction spending in 2026, there was a significant drop in single-family activity ($126 million less) and multi-family activity ($229 million less) compared to Q1 of last year.