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CURRENT HOUSING SITUATION IN HAWAI'I
<br /> The study of Hawaii's housing market and housing Figure 1. State of Hawaii, Number of Housing
<br /> needs begins with a review of the basic elements Units, 1990-2010
<br /> relevant to housing planning. The report covers 600 ,3 Not Available ■Vacant 18,000
<br /> those issues in three major sections — housing ■Occupied ■Added Units 16,000
<br /> supply, housing demand, and qualification for _ 500
<br /> purchase and rent. 0 14,000
<br /> R
<br /> x 400 12,000 3
<br /> c
<br /> HOUSING SUPPLY IN HAWAH 10,000 a`
<br /> 3 300 a
<br /> It is appropriate to begin a study of housing in S 8,000�
<br /> N Q
<br /> Hawaii by looking at the housing stock itself. In 'o zoo 6,000
<br /> this section, we examine our current housing stock, w
<br /> review housing production over the last several a 100 4,000
<br /> years, and discuss a few issues of interest related 2,000
<br /> to housing production these days.
<br /> 1O C� 0 0O'O'L'LO b'OO h'LO 4`
<br /> Current Housing Stock
<br /> Source: Hawaii Housing Model, 2011.
<br /> According to the U.S. Census for 2010, there were
<br /> 519,508 total housing units in Hawaii last year 3. Despite the very smooth appearance of the
<br /> Some of those units were used for purposes other growth in housing stock, the number of units
<br /> than housing residents — hotel and other visitor added each year ranges from a low of 3,500 to a
<br /> accommodations, second homes for seasonal use, high of about 11,000 units. The change
<br /> and a few units used for housing agricultural generally reflects the activity in the housing
<br /> workers. The remaining 481,026 housing units market over the last two decades, with higher
<br /> (92.6%) were available to house Hawai is growth corresponding to higher activity.
<br /> residents. Of those available units, about 25,668 The number of units unavailable to the local
<br /> were vacant. That is, they were available for housing market has increased steadily during
<br /> residents' use, but not occupied because they were this period. The growth in seasonal units, which
<br /> on the market for sale or rent, or had been includes second homes and temporary visitor
<br /> purchased or leased but were not yet occupied.
<br /> The remaining 455,338 units are Hawaii's residences (TVRs), is largely a phenomenon of
<br /> occupied housing units." By convention, that the last two decades. In 1980, Hawaii's housing
<br /> number is exactly equal to the number of stock consisted of 1.8 ppercent seasonal units
<br /> households in Hawaii. and the State ranked 35` In the nations. In 1990,
<br /> the State ranked 20`h, with seasonal units
<br /> accounting for about 3.3 percent of the total. By
<br /> Available Housing Units 2000, Hawaii ranked 10`h among the 50 states
<br /> with 5.6 percent of its housing stock reserved for
<br /> Figure 1 shows our best estimate of the State of seasonal or occasional use. We fully expect
<br /> Hawaii housing stock for the last 20 years — total, another significant rise in 20106. Second homes
<br /> available, and occupied units.
<br /> 5 U.S. Census Bureau, Housing & Household Economic
<br /> 3 See Table IA-1 of the Housing Inventory Report for further Statistics Division,Vacation Homes, December 2, 2004.
<br /> details
<br /> 4 See Table 4 for additional detail 6 This data is not yet available from Census 2010.
<br /> Hawari Housing Planning Study,2011 Page 3
<br /> ©SMS, Inc. November,2011
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