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City &
<br /> Table 6. Overcrowding, State and Counties of County County County County State
<br /> Hawai'i, 1992, 1997, 2003, 2006 and 2011 of of of of of
<br /> Total Crowding Indicators Honolulu Maui Hawai'i Kaua'i Hawai'i
<br /> House- Doubled Single
<br /> Year holds Crowdeda Up Both° Family 4.2 10.5 11.5 12.3 7.3
<br /> 1992 247,349 23.2% 32.0% Homes
<br /> 1997 272,234 10.6% 27.2% Condo
<br /> Honolulu 2003 292,003 10.0% 10.0% 17.6% 15.4 62.9 49.2 73.5 27.1
<br /> 2006 303,149 8.0% 9.7% 15.2% Units
<br /> 2011 310,882 13.3% 13.8% 22.9% Total
<br /> 1992 34,266 26.8% 25.9%
<br /> Units 8.4 27.6 17.8 21.5 13.7
<br /> 1997 39,252 10.4% 24.8% "Out-of-State Owners" is the percent of all units for which
<br /> Maui 2003 43,687 11.0% 8.7% 17.3% the tax bill is mailed to an out-of-state address. Source:
<br /> 2006 49,484 8.0% 9.6% 15.3% Hawaii Tax Map Key records, tabulated by Hawai'i
<br /> 2011 54,132 11.4% 12.6% 19.4% Information Services for SMS.
<br /> 1992 39,789 18.7% 26.0%
<br /> 1997 46,271 7.9% 24.3% Overall, people from outside of the State own
<br /> Hawaii 2003 54,644 7.0% 9.3% 14.4% more than seven percent of Hawai'i single-family
<br /> 2006 61,213 7.0% 11.2% 15.9%
<br /> 2011 67,096 8.6% 10.7% 17.2% housing units and over 27 percent of our
<br /> 1992 16,981 17.4% 26.3% condominium units. In all counties except
<br /> 1997 18,817 9.1% 25.4% Honolulu, out-of-state ownership for single-family
<br /> Kauai 2003 20,460 6.0% 12.5% 16.1% units is about 10 percent. For Hawaii County,
<br /> 2006 21,971 7.1% 11.9% 15.5% nearly 50 percent of condominium units are
<br /> 2011 23,201 10.0% 11.0% 16.9%
<br /> 1992 338,38,38 5 22.2% 300.33%% owned by persons who live outside of Hawai'i,
<br /> 1997 376,574 10.2% 26.5% and the comparable figures for Maui and Kaua-i
<br /> State 2003 410,794 9.6% 10.0% 17.1% are 63 and 74 percent, respectively.
<br /> 2006 435,818 8.2% 10.0% 15.3%
<br /> 2011 455,311 12.1% 13.2% 21.4%
<br /> Source: Housing Demand Survey, 1992, 1997, 2003, 2006,
<br /> Current Demand
<br /> 2011.
<br /> a Based on more than 1.01 persons per room.
<br /> ° More than one family group in a single housing unit(See
<br /> Glossary). Raw, Final, and Effective Demand
<br /> C Percent of households crowded, doubled up, or both. Estimates
<br /> Before 2003, HHPS measured crowding and "crowded or
<br /> doubled up". After 2003, HHPS included separate Data collected In the Housing Demand Survey
<br /> measures for crowding and doubled up. allows us to calculate three distinct measures of
<br /> housing demand. Raw demand is the number of
<br /> Out-of-State Ownership households planning to move at some point in
<br /> the future, whether to buy or to rent. This
<br /> In the first half of the last decade, West Coast measure should not be confused with needed
<br /> real estate prices surpassed those in Hawaii housing units. Many, if not most, of the units
<br /> and out-of-state demand increased dramatically. shown
<br /> That helped move Hawai'i home prices to record from current inventory.at the right in Table 8 will be supplied
<br /> highs and brought about monitoring of our out-of- Statewide, raw demand was at 51 percent, up
<br /> state demand in planning studies. Table 7 from 40 percent in 2006. Raw demand is equal
<br /> presents figures for all four counties in 2011. to just over 232,000 households statewide and
<br /> includes all households except those who
<br /> reported that they would never move. For the
<br /> counties, the percentage of households planning
<br /> Table 7. Percent of Owners Who are Not Hawai'i to move to a different unit at some point in the
<br /> Residents, 2011 future ranged from 42 percent in Hawai'i County
<br /> Hawaii Housing Planning Study,2011 Page 12
<br /> ©SMS, Inc. November,2011
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