![Hawaii faces housing crisis as regulatory costs drive up condo prices, report says](https://static.foxnews.com/foxnews.com/content/uploads/2024/03/Hawaii-Housing.jpg)
Hawaii faces housing crisis as regulatory costs drive up condo prices, report says
Fox News
A new university report claims that regulatory costs make up more than half of the price of a new condominium in Hawaii, contributing to a surge in housing costs.
The report from the university's Economic Research Organization found the median price of a new two-bedroom condo in Hawaii is $672,000, more than twice the nationwide average of $300,000.
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