All told, doing business in Hawaii is about 30% more expensive than the cost of doing business in the rest of the United States, according to Moody Analytics.
“Based on similar historical events, this is likely conservative, as building delays and supply and demand cause additional pressures on reconstruction costs,” said Verisk.
Construction permitting generally takes longer in Hawaii than most mainland locations, said Jessica Leorna, CEO of the state’s Building Industry Association.
That’s especially true for construction workers, who were in short supply even before the fires, according to the state’s Building Industry Association.
And workers from elsewhere in the state or the Southeast could drive home on weekends,” he said.
Persons:
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Organizations:
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Locations:
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