E. Construction
1st Quarter 2026 Report
Download Construction Data Tables (spreadsheet)
In the fourth quarter of 2025, the number of jobs in the construction sector increased by 6.9 percent or by 2,700 jobs compared with the same quarter of the previous year. In 2025, the construction sector added 1,600 jobs or 4.1 percent (Table A-7) compared to 2024.
In the fourth quarter of 2025, private building authorizations in the state decreased $1,045.2 million or 61.8 percent compared with the fourth quarter of 2024 (Table E-8). In 2025, private building authorizations in the state decreased $567.8 million or 11.4 percent compared with 2024.
In the fourth quarter of 2025, private building authorizations in Honolulu County decreased $688.4 million or 64.5 percent, compared with the fourth quarter of 2024 (Table E-8). In 2025, private building authorizations in Honolulu County decreased $457.8 million or 14.3 percent, compared with the previous year.
In the fourth quarter of 2025, private building authorizations in Hawai‘i County decreased $158.7 million or 47.7 percent, compared with the fourth quarter of 2024 (Table E-8). In 2025, private building authorizations in Hawai‘i County decreased $83.7 million or 8.4 percent, compared with the previous year.
In the fourth quarter of 2025, private building authorizations in Maui County decreased 182.4 million or 70.8 percent, compared with the fourth quarter of 2024 (Table E-8). In 2025, private building authorizations in Maui County decreased 12.2 million or 1.8 percent compared with the previous year.
In the fourth quarter of 2025, private building authorizations (residential only) in Kaua‘i County decreased $15.7 million or 48.4 percent, compared with the fourth quarter of 2024 (Table E-8). In 2025, private building authorizations in Kaua‘i County decreased $14.1 million or 11.7 percent compared with the previous year.
In the fourth quarter of 2025, government contracts awarded increased $111.0 million or 24.7 percent, compared with the fourth quarter of 2025 (Table E-1). In 2025, government contracts awarded decreased $1,565.7 million or 45.9 percent compared with the previous year. State government CIP expenditures decreased $15.9 million or 3.9 percent in the fourth quarter of 2025 compared with the same quarter of 2024. In 2025, state government CIP expenditures decreased $115.4 million or 7.2 percent from the previous year (Table E-2).
The Honolulu Construction Cost Index for Single Family Residence (Table E-6) increased 5.0 percent in the fourth quarter of 2025 compared to the same quarter of 2024 and similarly increased 4.7 percent for High-Rise Building (Table E-7). In 2025, the index for Single Family Residence increased 4.4 percent and 4.1 percent for High-Rise Building as compared to the previous year.
Average home prices decreased by 9.4 percent in the fourth quarter of 2025, with single family home prices up by 11.7 percent and condo prices down by 25.0 percent over the same quarter of the previous year (Table E-9). The purchase of homes increased by 19.3 percent for local buyers, increased by 4.4 percent for mainland buyers, and decreased by 43.2 percent for foreign buyers over the same quarter of the previous year (Table E-10).
In the fourth quarter of 2025, Honolulu’s median price for single family resales was $1,120,000, up $35,000 or 3.2 percent over the same quarter of 2024 (Table G-29). The median price for condominium unit resales was $510,000, down $20,000 or 3.8 percent (Table G-33). In fourth quarter of 2025, the number of single-family unit resales in Honolulu increased 11.6 percent, and the number of condominium unit resales increased 4.7 percent over the same quarter of 2024 (Tables G-37 and G-41). In 2025, the number of single-family unit resales increased 3.5 percent, while condominium unit resales decreased 1.1 percent compared with the previous year.
