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Table 1. State of Hawaii, Changes in Housing Between 1980 and 1990, Hawaii's population
<br /> Stock, 2003.2010 grew from 964,660 to 1,113,491 for an average
<br /> 2003to 2007to Percent annual increase of about 1.4 percent per year.
<br /> Characteristic 2006 2010 Change Table 2 shows population increases since 1990.
<br /> Estimated Units Added 22,166 24,645 11%
<br /> Unit Type During the nineties, Hawai is population growth
<br /> single-family 20,493 18,618 -9% rate was lower than in the previous decade. The
<br /> multi-family 1,673 6,027 260% average annual rate of growth dropped from 1.4
<br /> to 0.88 percent. From 200 through 2006
<br /> Regime population growth increased, principally by net
<br /> Single unit 20 18,618 -9% in-migration, to 1.23 percent per year.
<br /> Condominium 5,5530 30 6,,270 270 13%
<br /> Other -3,857 -243 -94% According to the U.S. Census, population growth
<br /> Purchase type-SFD for the State of Hawaii was even higher form
<br /> Fee Simple 19,468 20,592 6% 2006 through 2010 than it was in the first part of
<br /> Leasehold 1,025 -1,974 -293% the decade. The average annual growth rate
<br /> Purchase type-Condo rose from 1.23 percent to 1.47 percent.
<br /> Fee Simple 14,745 12,226 -17%
<br /> Leasehold -9,215 -5,956 -35% In the years since the last HHPS, population
<br /> Source: HHPS Inventory Report, 2011. a. Units built growth returned to pre-1990 levels for most of
<br /> between July 1, 2002 and July 1,2006. b. Units built the State. During the nineties, the population of
<br /> between July 1, 2006 and July 1, 2010. See"Years" in Hawaii grew SIOWI consistent with an economic
<br /> Glossary for definitions of time periods used in this report. g y
<br /> downturn that lasted nearly the entire decade.
<br /> As expected, the return to reasonable levels of
<br /> HOUSING DEMAND IN HAWAII economic growth after 2000 resulted in an
<br /> increase in population.
<br /> Changes in demand are grounded in population
<br /> growth and household formation, changes in the Population growth patterns differed for each of
<br /> number of families, and income distributions. the four counties. The City and County of
<br /> Most of these items are accessible in published Honolulu's population growth has been slower
<br /> data sources. The details of housing demand than in other counties, rising by less than one
<br /> require deeper investigation, however, and that percent per year until the last half of the most
<br /> has been the purpose of Housing Demand res-cent decade.
<br /> Surveys since 1992. All of these and other
<br /> factors are covered in this section of the report. In Maui County, the growth rates were very high
<br /> during the nineties and then dropped a bit in the
<br /> years 2000 through 2006. Since 2006, the
<br /> Population and Growth Rates average annual growth rate has been a bit
<br /> higher at 2.22 percent per year.
<br /> The need for housing in Hawaii begins with
<br /> population growth. Population grows when In Hawaii County, the pattern of growth was
<br /> natural increase (the excess of births over similar to Maui's until 2003. In the period 2003
<br /> deaths) and net in-migration combine and when through 2006 Hawaii County's growth rate
<br /> new households are formed from older ones. jumped to 2.68 percent per year, the highest
<br /> When the number of households grows, new growth rate in the State. The county population
<br /> housing units are required to house them10. growth rate was 2.39 percent in the last half of
<br /> the last decade, still the highest in the State.
<br /> 10 Standard demographic texts cover this topic in greater
<br /> detail and the book by Imhoff, etaL in the bibliography Tourism, Research and Economic Analysis Division
<br /> covers its impact on housing modeling. The Hawaii reports figures on the components of population growth
<br /> Department of Business, Economic Development and in Hawai i. See Hawaii Data Book, annual.
<br /> Hawaii Housing Planning Study,2011 Page 7
<br /> 0 SMS, Inc. November,2011
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