Economist Jack Suyderhoud Predicts Construction to Play Larger Role

Jack Suyderhoud is a professor of business economics at the University of Hawaii Shidler College of Business and the economic adviser to First Hawaiian Bank.  In a recent presentation, Suyderhoud predicted that Hawaii's overall economy would continue to expand over the next few years, but noted that a lot of that growth will come from the construction industry.  Suyderhoud stated, "Tourism's torrid pace will taper as the sector continues to grow, but at a more moderate pace. Construction will pick up, adding jobs. State and local government will contribute to growth, while federal spending will not."

Specifically, Suyderhoud predicted that the number of visitors arriving in Honolulu will increase by about 3 percent while visitor spending will increase by about 5.3 percent in 2014. The construction industry would see about a 15 percent growth rate next year.

Source: Honolulu Star Advertiser, 11-8-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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