As of October 7, 2024, Honolulu's skyline is bustling with construction activity, featuring 14 cranes currently dotting the landscape. This increase includes two new cranes added for a private healthcare project and a public-sector industrial development, reflecting the city's ongoing commitment to infrastructure growth [9b0a2224].
A recent report by Rider Levett Bucknall indicates a strong demand for mixed-use residential developments in the area, suggesting that robust construction activity is expected to continue for the next 12 to 24 months. This trend is part of a broader narrative in the U.S. construction industry, where favorable economic conditions are driving growth [9b0a2224].
While the overall crane count in North America has seen a slight decline of 5%, Honolulu stands out as one of the cities bucking this trend, with only four out of 14 cities reporting a significant decrease in crane counts [9b0a2224]. The combination of public and private sector investments is likely to sustain this momentum, contributing positively to the local economy and housing market as the city prepares for future developments [9b0a2224].