Housing
The UHERO Housing Policy Group provides rigorous analyses to inform debates regarding housing in Hawaiʻi, with a focus on the high housing cost burdens experienced by the State’s residents. This problem is multiscalar in its origins and thus requires a bundle of analyses ranging from longitudinal portraits of the State’s housing market, to estimates of the impact of housing costs on diverse communities, to objective evaluations of proposed policy solutions.
City partners with UHERO to launch Subsidized Housing Tracker
Addressing Oʻahu’s housing shortage and its impact on affordability, the City and County of Honolulu’s Office of Housing, in partnership with the University of Hawaiʻi Economic Research Organization (UHERO), has unveiled the Subsidized Housing Explorer, a first-of-its-kind tool for the island. This interactive tracker consolidates data on government-subsidized housing units across Honolulu County, offering an […]
Read MoreA Honolulu Empty Homes Tax: Impacts on Housing Supply and County Revenue
By Justin Tyndall Honolulu faces an acute housing shortage, yet tens of thousands of homes sit empty. Bill 46 would create a new property tax that applies to empty homes. The policy aims to achieve two key objectives: (1) expand the supply of housing for local residents, and (2) generate revenue for the county. Using […]
Read MoreMaui Short-Term Rentals, the Minatoya List, and Housing Supply
By Justin Tyndall and Emi Kim Recent state legislation has given counties new powers to regulate Transient Vacation Rental (TVR) properties. A proposal on Maui would significantly reduce the number of TVRs by withdrawing permission to operate for over 7,000 properties. Below, we briefly summarize the policy proposal and discuss the characteristics of the units […]
Read MoreThe Hawaii Housing Factbook 2024
The past year has brought significant shocks to the housing market in Hawai‘i. In 2023, only one in five local households could afford a mortgage on the median-priced single-family home in the state. High interest rates make it difficult to finance a home purchase, difficult for developers to finance new construction, and disrupts the filtering […]
Read MoreWealth by Association? How Social Networks Drive Inequality in Hawaii
Studies show that economic connectedness, a poor individual’s share of wealthy friends, significantly impacts economic mobility. Hawaii ranks highly in this metric compared to other states, but disparities exist in local schools. Private high schools have much higher economic connectedness than public schools, driven mainly by students’ exposure to wealthy peers. To improve connectedness, policymakers […]
Read MoreUHERO’s Justin Tyndall cited in the 2024 Economic Report of the President
Congratulations to UHERO’s Justin Tyndall whose recent article (co-authored with Limin Fang and Nathan Stewart)” Homeowner Politics and Housing Supply” was cited in the 2024 Economic Report of the President.
Read MoreDelinquencies have spiked in the aftermath of the Maui wildfires
By Daniela Bond-Smith The devastating Maui wildfires destroyed most of Lahaina and displaced thousands of residents. But many Lahaina homeowners still have mortgages on their properties despite not having a home to go back to. As of the 2020 Census, almost three-quarters (74%; 1309 out of 1773) of Lahaina homeowners did not own their home free […]
Read MoreWhy are Condominiums so Expensive in Hawai‘i?
The median sale price of a new two-bedroom condominium in Hawai‘i is about $670,000, more than double the price in the average state. In this report, we try to determine why new condominiums are so expensive in Hawai‘i. We break down the costs involved in producing condominiums to better understand the causes of high prices.
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