Article: Laney advises caution amid Big Island real estate boom

KAILUA-KONA » The Big Island economy is booming, but housing costs pose a risk for the continuation of economic growth, economist Leroy Laney told two business audiences yesterday.

Laney, a professor at Hawaii Pacific University and a consultant to First Hawaiian Bank, made the bank's 31st annual assessment of the Big Island economy at a Kona-Kohala Chamber of Commerce event in the morning and again at a Hawaii Island Chamber of Commerce gathering in Hilo last night.

His short-term message was rosy: "Forecasts for the Big Island economy this year and next project continued economic strength, but with some cooling off from last year's heated pace."

"Both job growth and inflation-adjusted ...

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