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CONTENTS <br /> SUMMARY: COUNTY OF HAWAII HOUSING CONDITIONS, 2011 ..................................IX <br /> FUNDAMENTAL HOUSING DATA ............................................................................................................IX <br /> CURRENT HOUSING SITUATION FOR HAWAII COUNTY RESIDENTS........................................................II <br /> HOUSINGDEMAND................................................................................................................................II <br /> HOUSING PREFERENCES......................................................................................................................III <br /> FINANCIAL QUALIFICATIONS..................................................................................................................III <br /> ISSUES................................................................................................................................................I I I <br /> INTRODUCTION..................................................................................................................... 1 <br /> PURPOSE.............................................................................................................................................1 <br /> METHODS.............................................................................................................................................1 <br /> REPORTSTRUCTURE............................................................................................................................2 <br /> CURRENT HOUSING SITUATION IN HAWAII ..................................................................... 3 <br /> HOUSING SUPPLY IN HAWAI`I ................................................................................................................3 <br /> CurrentHousing Stock....................................................................................................................3 <br /> AvailableHousing Units............................................................................................................3 <br /> VacancyRates.........................................................................................................................4 <br /> Ageand Condition of Units.......................................................................................................4 <br /> HousingProduction.........................................................................................................................5 <br /> Building Permits and Housing Starts........................................................................................5 <br /> Changes to Housing Stock Characteristics..............................................................................6 <br /> HOUSING DEMAND IN HAWAI`I ...............................................................................................................7 <br /> Population and Growth Rates..........................................................................................................7 <br /> Componentsof Growth.............................................................................................................8 <br /> Households and Household Size....................................................................................................9 <br /> HouseholdConditions...................................................................................................................10 <br /> Homeownership......................................................................................................................10 <br /> Shelter Cost& Shelter-to-Income Ratios................................................................................11 <br /> Crowdingand Doubling Up.....................................................................................................11 <br /> Out-of-State Ownership..........................................................................................................12 <br /> CurrentDemand............................................................................................................................12 <br /> Raw, Final, and Effective Demand Estimates........................................................................12 <br /> Housing Preferences (Buyers and Renters)...........................................................................14 <br /> BuyerPreferences.........................................................................................................................14 <br /> RenterPreferences.......................................................................................................................15 <br /> QUALIFICATION FOR PURCHASE AND RENT..........................................................................................15 <br /> Households That Plan to Buy........................................................................................................15 <br /> Current Renters That Plan to Buy..........................................................................................17 <br /> Households That Plan to Rent.......................................................................................................18 <br /> HOUSINGPRICES................................................................................................................................20 <br /> Rents.............................................................................................................................................21 <br /> HOUSING FORECASTS, 2012-2030.................................................................................... 22 <br /> HOUSINGDEMAND..............................................................................................................................22 <br /> ModeledDemand..........................................................................................................................22 <br /> Hawaii Housing Planning Study,2011 Page in <br /> 0 SMS, Inc. November,2011 <br />