Building Costs Per Square Foot in the State of Hawaii, USA

Hawaii 73-4449 Hane Street Kailua Kona Hawaii County HI96740 - 4 Beds and 3 Baths on Gross Floor Area 2608 sqft - Built in 2021 - Price $1,895,000 A

Newly Built House in Hawaii 73-4449 Hane Street Kailua Kona Hawaii County HI96740 – 4 Beds and 3 Baths on Gross Floor Area 2608 sqft – Built in 2021 – Price $1,895,000 A

Residential Construction Market Analysis in the State of Hawaii, USA

Building costs are 20% above the national average in the state of Hawaii, 3% lower than Alaska and 8% higher than Massachussetts. It’s the second most expensive state to build a house in the USA. Hawaii is an archipelago located in the middle of the Pacific Ocean that makes up one of the island states of the United States. With a total population of 1,211,537 inhabitants, this group of islands represents one of the most important tourist destinations in Polynesia. Its capital is Honolulu, which is, in turn, the largest and most populous city on the entire island (located on the island of Oahu).

Its beaches and paradisiacal landscapes attract millions of tourists year after year, but many people who are looking to live in this natural paradise also arrive. The real estate market has been moving a lot this last year with houses coming in and out of the listings quickly, and with a trend pointing towards the production of luxury homes.

In this article, we will focus on the real estate market and residential construction in Hawaii, although it is important to note that the real estate market focused on tourism is something that stands out to a great extent in Hawaii. Continue scrolling down as we will show you more about construction in Hawaii, how the market is doing, and what trends can be expected in the near future.

Hawaii Construction Outlook

To understand the construction of a place it is always necessary to have some knowledge about residential construction. In the case of Hawaii, the temperature does not vary much from one season to the next. In fact, it could be said that it has only two climatic seasons: summer and winter. The coldest weather in winter is approximately 10°C, so it is not very cold either.

This means that most of the constructions are made of wood or quite basic materials. The climate is usually a bit humid so the houses have large windows to be ventilated.

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