What Caused Hawaii’s Home INVENTORY CRISIS? 🤯 [How Can We Fix It?]

What Caused Hawaii's Home INVENTORY CRISIS? 🤯 [How Can We Fix It?] What does the historical data say about Hawaii's lack of #homeinventory today? What actions must we take to find a solution to the current #Hawaii #housingcrisis ? Economist Paul H. Brewbaker shared some insightful data from a recent Realtor Association meeting. In this video, we dive deep into this eye-opening data that sheds light on the housing supply crisis in Hawaii. This data, sourced from the Department of Business, Economic Development, and Tourism (DBEDT), tracks the number of new building permits issued per quarter in Hawaii dating back to 1960. This data reveals a concerning trend - a decline in the number of building permits issued over time, directly contributing to the current lack of affordable and attainable housing in Hawaii. We'll explore the factors behind this trend and the potential solutions, such as ways to incentivize more home construction. The private sector and the government both play roles in finding the answer to Hawaii's housing crisis. Watch the FULL video to know more. For any questions about buying, selling, or anything to do with #HawaiiRealEstate, feel free to contact me. Like this content? Hit the LIKE and SUBSCRIBE buttons for more!

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🕒TIMESTAMPS🕒
00:00 What Caused Hawaii’s Home Inventory Crisis?
00:15 The Data Behind the Hawaii Housing Shortage
00:53 New Building Permits Issued Quarterly in Hawaii
01:13 How Economic Events Influence the Hawaii Housing Demand & Supply?
01:51 The Concerning Shift in Hawaii Market Trend
02:20 Why are there Fewer Homes Being Built in Hawaii?
03:09 How to Encourage More Home Construction in Hawaii?
03:50 Have More Questions? Let Me Know!

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