Pre-Fab Construction Could Be One Solution To Hawaii’s High Cost Of Housing… The entire structure of a home can go up in days using structural insulated panels, so why are we hardly using it?
A Kaimuki company is working to address one of the biggest contributors to the high cost of living in Hawaii: housing.
SIP Systems Hawaii is using an innovative building material — structural insulated panels — that cuts labor costs, significantly reducing the price of the home. A house can be built with the prefabricated panels in less than a week, company officials say.
Home construction costs in Hawaii average between $295 and $785 per square foot, according to the Rider Levett Bucknall construction cost indicator. So, based on the mid-point of $540, building an 1,800-square-foot single-family home in Honolulu would cost nearly $1 million — that’s if the developer did not mark up the house for resale.
