2019 Hawaii Housing Planning Study

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I. INTRODUCTION A. BACKGROUND Housing Inventory: An inventory of all residential housing units in the State was The Hawaii Housing Planning Study (HHPS) conducted in the first quarter of 2019. The series began in 1992. The studies have been inventory data were taken from real property tax conducted as comprehensive assessments of files for each of the four counties. Results are housing markets in Hawaii. Results covering all presented in a separate report and have been four of Hawai'i's counties have been presented in incorporated in this report as needed. a set of reports summarizing market conditions. Since 1997, HHPS has included a housing Housing Demand Survey: A statewide survey projection to support housing planning. Over the of more than 5,000 households was conducted in years, HHPS studies have investigated a rotating order to measure resident opinions and list of housing issues. Some issues have evaluations of current housing conditions, their remained part of the study, and some have been plans to move to a new unit, their preferred replaced with topics of greater interest. In 2019, characteristics of new units, their financial HHPS includes the influence of access to public qualifications for purchase or rent, and household transportation and mass transit on preferred demographic information. Special topics for 2019 housing location, special finance options for home included: transportation and rail, transportation buyers, a new viewpoint on homelessness, the and employment, unique financing options, relationship between tourism and housing, and special needs housing, and housing prices. housing for special needs groups. Housing Projections: In the past, projections B. PURPOSE were taken from a separate housing model developed in the nineties. In 2019, the projection The purpose of the 2019 HHPS report is to method was updated to incorporate new and provide housing planners with contemporary data more relevant data. Projected elements included on the housing situation in Hawaii to support housing units, housing demand, housing planning activity. Reported here is research production, and housing prices, all to support an conducted from January through August 2019. estimate of needed units by income group through Included in this study are housing demand, the year 2025. housing supply, housing prices, affordable housing, and needed housing units. Findings are Housing Price Study: A study of housing prices fully supported by analysis of data from both the (sales prices for ownership units and contract Housing Demand Survey and numerous rents for rental units) was conducted. Data were secondary data sources, including the United collected from several sources, including rental States Census Bureau and Hawai'i's Department unit advertisements, a national rent producer, of Business, Economic Development & Tourism, several real estate data providers, the U.S. among others. The State report is a summary of Department of Housing and Urban Development data collected from all study methods and across (HUD), and the American Community Survey all counties. (ACS). C. METHODS Producers Survey: We conducted interviews with housing producers and planning department The HHPS 2019 incorporates data from ten data personnel to enhance understanding of issues collection and analysis sources: related to housing development and to review County data on scheduled housing unit production. Findings were used to develop estimates of short-run housing production. Hawaii Housing Planning Study,2019 Page 1 ©SMS December,2019