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II. CURRENT HOUSING SITUATION IN HAWAII
<br /> The 2019 study of Hawai`i's housing market begins excludes group quarters (prisons, dormitories,
<br /> with a review of the fundamental data for housing nursing homes, shelters, etc.) and commercial
<br /> planning -- housing supply, housing demand, and residential properties (hotels, condominium
<br /> housing prices. hotels, hostels, timeshare units, etc.), which are
<br /> available only on a short-term rental basis.
<br /> A. HOUSING SUPPLY IN HAWAII
<br /> Total housing units are further defined as either
<br /> In this section, we consider (1) housing stock, the occupied or vacant. By Census convention, the
<br /> current collection of housing units available to number of occupied housing units is always
<br /> Hawaii residents and migrants, and (2) housing equal to the number of households in the State.
<br /> production levels and the rate at which new The total housing stock includes all occupied
<br /> housing units are added to the housing stock. housing units plus vacant housing units available
<br /> to the market (Table 1).
<br /> 1. Current Housing Stock Residential housing construction fell after the
<br /> According to the Census, there were 532,880 Great Recession began in Hawaii in 2008. Total
<br /> housing units in Hawaii in 2017, up about 2.0 housing units grew by about 5,600 units per year
<br /> percent from 524,852 units in 2014. (2.2%) between 2009 and 2011. Between 2011
<br /> and 2014, growth slowed to 2,800 units per year
<br /> Total Housing Units (Table1) are units that are - half what it was in the previous five years.
<br /> Between 2014 and 2017
<br /> available for occupancy as residential owned or , growth slowed further
<br /> long-term rental accommodations. The definition to about 2,675 units per year.
<br /> Table 1. Housing Unit Types by County, 2017
<br /> Housing Unit Types Honolulu Hawai'i Maui Kaua'i State
<br /> Total Housing Units 346,374 84,750 71,467 30,289 532,880
<br /> Occupied Housing Units 311,451 67,054 54,381 22,563 455,449
<br /> Vacant Housing Units 34,923 19,956 17,712 7,670 45,373
<br /> Vacant and Available 11,214 5,994 6,700 2,488 26,396
<br /> Vacant and Unavailable 23,709 13,962 9,242 5,732 52,645
<br /> Vacant for agricultural use 61 38 5 32 136
<br /> Vacant for seasonal use 14,358 9,708 6,937 4,301 35,304
<br /> Other Vacant 9,290 4,216 2,300 1,399 17,205
<br /> Housing Stock 322,665 73,048 61,081 25,051 481,845
<br /> Pct. available (occupied &vacant) 93.2% 86.2% 85.5% 82.8% 90.4%
<br /> Percent unavailable units 6.8% 16.5% 12.9% 18.9% 9.9%
<br /> Percent vacant for seasonal units 4.2% 11.5% 9.7% 14.2% 6.6%
<br /> Percent other vacant 2.7% 5.0% 3.2% 4.6% 3.2%
<br /> Source:ACS 2017 5-yr Estimates,Table B25004 and DP04.
<br /> Hawai'i Housing Planning Study,2019 Page 3
<br /> ©SMS December,2019
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