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V. Housing and Market Analysis 0 The following section describes the State's and County's Housing and Market Analysis. The data is based upon the DEBDT, State of Hawaii Data Book 2007; 2007 U.S. Census data; the Hawaii Housing Policy Study, 2006 Update; and the CHAS provided by the HUD. The State agreed to draft the housing needs assessment section for all counties to ensure that the source of the data was consistent for the entire State. The following section is italicized to indicate the State's Housing and Market Analysis Section. This section describes characteristics of the State's housing market including housing supply, demand and cost. The Housing Market area is defined as the State gfHawai'i with focus in the Counties of Hawaii, Kauai, and Maui. HousinK Demand A. Population and Population Trends Between 1990 and 2008, statewide population grew from 1, 108,229 persons to an estimated 1,288,198 persons, representing an annual growth rate of 0.8 percent. In the first half of the 1990s, population grew at an annual rate of 1.5 percent, but fell to 02 percent during the second half of the 1990s. During the first half of the 2000s, population growth recovered to an annual rate of 0.9 percent, but has slowed to 0.6 percent annually between 2005 and 2008. Contributing to the slower growth of statewide population was the net outmigration from Hawaii to the U.S. mainland. Between 2006 and 2007, there were 11,849 more people who moved to the US, mainland than those who moved to Hawaii from the mainland, Military deployment accounted for more than ha�(ofoutmigration to the U.S. mainland. Neighbor Island counties are growing at a faster rate than Honolulu. Hawaii County led the growth in population from 2007 to 2008 with a growth rate of 1.9 percent. Kauai and Maui counties each gained 1.5 percent population and the City and County of Honolulu experienced a population growth rate of 0.5 percent during the same period. The growth of the Big Island population in recent years was partly due to in-migration from other islands in the state and from the U.S. mainland. Due to slower growth in population, the City and County of Honolulu's share of the State population decreased 3.2 percentage points from 75.5 percent of the State total in 1990 to 72.3 percent in 2000. Hawai 'i County gained 1.4 percentage points, Maui County's population share increased 1.5 percentage points, and Kauai County increased only 0.2 percentage points. 12 t2 DBEDT, The State of Hawaii Data Book 2007, Table 1.06. 2010 -14 CP Final 31 •