That comes from a report titled Hawaii Construction Forecast: Construction Upswing Picks Up from the Economic Research Organization at the University of Hawaii.

Blurb: Construction turned the corner in Hawaii last year after five straight years of contraction. We are now seeing impressive gains in percentage terms for private building permits, although these are starting from very depressed levels. Home building, retail and visitor industry upgrades, the ongoing boom in photovoltaic installation, and, yes, rail, will combine to drive a strong industry expansion over the next several years.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO’s Forecast Project.

Photo courtesy USACE HQ.

—Chad Blair