Hawaii's population is 1.4M, with a total workforce of 657K. The labor market grew by 11,600 jobs over the past year, up by 1.8%. The median household income in Hawaii is $72,491, unchanged from last year and 18.1% above the national average of $61,372. In the housing market, total permits issued totaled 5,477 over the last twelve months, up 68.9% year-over-year.
Hawaii has 46 active new home projects on the market, 16.4% fewer than the 55 from last year. The average list price in the market is $760,654, 20.7% lower than last year and 137.7% above the national average. Over the last three months, new home contracts decreased by 102.1% to -14. Ewa Beach and Kihei had the highest concentration of the new home contracts in the Hawaii market.