Laserfiche WebLink
CONTENTS <br /> INTRODUCTION..................................................................................................................... 1 <br /> PURPOSE...........................................................................................................................................1 <br /> METHODS ..........................................................................................................................................1 <br /> REPORT STRUCTURE......................................................................................................................2 <br /> CURRENT HOUSING SITUATION IN HAWAIA ..................................................................... 3 <br /> HOUSING SUPPLY IN HAWAI'l........................................................................................................3 <br /> CurrentHousing Stock ....................................................................................................................3 <br /> AvailableHousing Units............................................................................................................3 <br /> VacancyRates.........................................................................................................................4 <br /> Ageand Condition of Units.......................................................................................................4 <br /> HousingProduction .........................................................................................................................5 <br /> Building Permits and Housing Starts........................................................................................5 <br /> Changes to Housing Stock Characteristics..............................................................................6 <br /> HOUSING DEMAND IN HAWAI'1.......................................................................................................7 <br /> Population and Growth Rates..........................................................................................................7 <br /> Componentsof Growth.............................................................................................................8 <br /> Households and Household Size ....................................................................................................9 <br /> HouseholdConditions ...................................................................................................................10 <br /> Homeownership......................................................................................................................10 <br /> Shelter Cost& Shelter-to-Income Ratios................................................................................11 <br /> Crowdingand Doubling Up.....................................................................................................11 <br /> Out-of-State Ownership..........................................................................................................12 <br /> CurrentDemand............................................................................................................................12 <br /> Raw, Final, and Effective Demand Estimates........................................................................12 <br /> Housing Preferences (Buyers and Renters)...........................................................................14 <br /> BuyerPreferences.........................................................................................................................14 <br /> RenterPreferences .......................................................................................................................15 <br /> QUALIFICATION FOR PURCHASE AND RENT.............................................................................15 <br /> Households That Plan to Buy........................................................................................................15 <br /> Current Renters That Plan to Buy..........................................................................................17 <br /> Households That Plan to Rent.......................................................................................................18 <br /> HOUSING PRICES...........................................................................................................................20 <br /> Rents.............................................................................................................................................21 <br /> HOUSING FORECASTS, 2012-2030.................................................................................... 22 <br /> HOUSING DEMAND.........................................................................................................................22 <br /> ModeledDemand ..........................................................................................................................22 <br /> HOUSING SUPPLY..........................................................................................................................23 <br /> ModeledSupply.............................................................................................................................23 <br /> NEEDEDUNITS ...............................................................................................................................24 <br /> TotalNew Units Needed................................................................................................................24 <br /> Typesof Units Needed..................................................................................................................27 <br /> Hawaii Housing Planning Study,2011 Page in <br /> 0 SMS, Inc. November,2011 <br />