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U RT Beyond Information. Intelligence. <br /> Established 1960 <br /> November 28, 2011 <br /> Database Marketing <br /> Economic&Social Impact Studies <br /> Ms. Janice Takahashi <br /> Evaluations Chief Planner <br /> Research Hawaii Housing Finance and Development Corporation <br /> 677 Queen Street, Suite 300 <br /> Modeling/Forecasting Honolulu, Hawaii 96813 <br /> Aloha! <br /> SMS <br /> 1042 Fort Street Mall <br /> Suite 200 This is the work product for the Housing Inventory component of <br /> Honolulu, HI 96813 the Hawaii Housing Planning Study 2011. It represents a <br /> Ph:(808)537-3356 significant change in methods from prior studies. We are moving <br /> Toll Free(877)2686 67 from the Tax Ma Key reports approach to the more readily <br /> Fax:(sos>537-zsas P Y P PP Y <br /> E-mail:info @smsHawari.com available data provided by the U.S. Census Bureau in the <br /> Website: www.smsHawai'i.com American Community Survey (ACS). <br /> In our estimation, the substantive difference in the two sources is <br /> not significant. That is, we can definitely retain series continuity <br /> using ACS data. In the end, we may lose some ability to <br /> measure growth in condominium units, but will gain precision in <br /> our measurement of multi-family units. Four factors offset those <br /> losses: (1) increased precision overall, (2) the comparability of <br /> results with other Census-based research, (3) the ability to <br /> estimate the number of housing units available to the market, <br /> and (4) the ability to update easily on an annual basis. We look <br /> forward to your reaction to all of this. <br /> We hope the results are useful to you. This report focuses on <br /> the State as a whole. In the final reports, the text is written to fit <br /> each County and the State. <br /> Please call if you have any questions or comments. <br /> Sincerely, <br /> SMS Affiliations and Associations: <br /> Experian James E. Dannemiller <br /> International Survey Research Executive Vice President <br /> Solutions Pacific,LLC <br /> SMS Consulting, LLC <br /> 3i Marketing&Communications <br />