2016 Hawaii Housing Planning Study

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L The 1992 study followed a major price run-up focus on matters other than the age and during which high prices kept many would be condition of existing residential units. buyers from entering the market. The study conducted in 1997 was nearing the end of a very Statewide, the median year built for residential long market recovery during which incomes were housing units was 1978, which is slightly catching up with prices and crowding was younger than the national median build year of notably lower than in 1992. The 2003 measure 1977. Among the Counties, Maui's units are the was taken at the beginning of the next price run- oldest with a median build year of 1964 followed up. by Honolulu County (1975), Kaua'i County 0 (1984), and Hawaii County (1986). By 2006, Hawaii was at the peak of the largest price run-up in its history. During that period, Statewide, very few of Hawaii's housing units crowding and doubling remained low. In 2008, are in poor condition or substandard as defined the Great Recession began in the housing by the US Census Bureau (lacking complete market and the effects were dramatic. Yet, by plumbing and/or kitchen facilities). According to 2011, crowding seemed to have abated and the 2014 5-year estimate from ACS, less than evidenced a slight decrease from 2006. In 2016, one percent of occupied housing units Statewide levels of crowding appear to be on the rise have incomplete plumbing facilities, and 1 8 again, although the increase from 2011 is not percent have incomplete kitchen facilities. significant. Across the Counties, the rate of incomplete plumbing facilities ranges from a high of 2.0 Table 4 also shows that crowding and doubling- percent in Hawaii County to a low of 0.4 percent up behave differently in each of the counties. In in Honolulu County. The Counties also report a general, the rates are most volatile in the City low incidence of incomplete kitchen facilities and County of Honolulu. Maui and Kauai have ranging from a high of 2.6 percent in Hawaii similar profiles and are typically less crowded County and a low of 1.3 percent in Kauai than Oahu. Hawaii County has been the least County. volatile market. The pattern of change in crowding and doubling-up is generally the same Our housing units are smaller than are those in as other counties, but the rate of change is other American housing markets. For the State always smaller than for the other counties. and all of the Counties, the mean number of rooms per occupied residential housing unit was Hawai'i's crowding rate, as measured by national 4.9. Nationally, the average housing unit had 5.8 standards, is always among the highest For rooms in 2014. Despite Hawai'i's housing stock 2015, Hawaii was ranked first in crowding for having fewer rooms than the national average, owner-occupied units (6.4%) and second for other major housing markets in the country renter-occupied units (12.3%).8 report average room counts lower than Hawai'i's (New York, 4.2; San Francisco, 4.4; Boston, 4 5). f. Age and Condition of Units9 2. Housing Production Housing planners must take into consideration both the age and overall condition of units in the Hawai'i's housing stock, those units available to residential housing stock. As compared to other residents, was 368,122 units in 1990 and cities in the United States, Hawai'i's housing 477,520 units in 2014. That is an increase of stock is relatively young and in good condition 109,398 units (29.7%) over 25 years. That overall, suggesting that housing planning should amounted to about 4,376 units per year and an annual growth rate of 1.1 percent. ' 8 ACS 2015, Table B25014, Tenure by occupants per room, 5yr estimates. 9 United States Census Bureau (2014) ACS 5-Year ' Estimates, 2010-2014,Table S2504. Hawaii Housing Planning Study,2016 Page 9 ©SMS, Inc. December,2016