2016 Hawaii Housing Planning Study

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t I. INTRODUCTION A. BACKGROUND inventory data were taken from real property tax I I files for the four counties. Results are presented The Hawaii Housing Planning Study (HHPS) in a separate report and have been incorporated series began in 1992. The studies have been in this report as needed. Beginning in 2011, the ' conducted as comprehensive assessments of inventory expanded to include U.S. Decennial housing markets in Hawaii. Results covering all Census data and data taken from the American four of Hawaii's counties have been presented Community Survey (ACS). 1 in a set of reports summarizing market conditions. Since 1997, HHPS has included a Housing Demand Survey: A statewide survey housing forecast to support housing planning. of more than 5,000 households was conducted ' Over the years, HHPS studies have investigated in order to measure resident opinions and a rotating list of housing issues. Some issues evaluations of current housing conditions, their have remained part of the study and some have plans to move to a new unit, their preferred been replaced with issues of greater interest. In characteristics of new units, their financial 2016, HHPS includes the influence of access to qualifications for purchase or rent, and public transportation and/or mass transit on household demographic information. Special preferred housing location, special finance topics for 2016 included: special financing t options for homebuyers, a new viewpoint on options, special needs housing, and housing homelessness, the relationship between tourism prices. and housing, and housing for special needs ' groups. Housing Forecast Project: In the past, forecasts were taken from a separate housing B. PURPOSE model developed in the nineties. In 2016, the forecasting method was updated to incorporate The purpose of the 2016 HHPS report is to new and more relevant data. Forecasted provide housing planners with contemporary elements included housing stock, housing data on the housing situation in Hawaii to demand, housing production, and housing support planning activity. Reported here is prices, all to support an estimate of needed units research conducted from September 2015 by income group through the year 2025. through June 2016. Included in this study are ' housing demand, housing supply, housing Housing Price Study: A study of housing prices, affordable housing, and needed housing prices, sales prices for ownership units and units. Findings are fully supported by analysis of contract rents for rental units was conducted. data from both the Housing Demand Survey and Data were collected from several sources numerous secondary data sources including the including rental unit advertisements, a national United States Census Bureau and Hawaii's rent producer, several real estate data providers, ' Department of Business, Economic the U.S. Department of Housing and urban Development & Tourism among others. Development (HUD), and the ACS. 1 C. METHODS Producers Survey: We conducted interviews with housing producers and planning department The HHPS 2016 incorporates data from 11 data personnel in order to enhance understanding of collection and analysis sources: issues related to housing development and to Housing Stock Inventory: An inventory of all ' An excellent description of the American Community residential housing units in the State was Survey appears at the U.S. Census website ' conducted in the first quarter of 2015. The http://www.census.gov/acs/www/about_the_survey/ame rican_communitysurvey/ 1 Hawaii Housing Planning Study,2016 Page 1 ©SMS, Inc. December,2016