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A Honolulu condo project created over 500 new housing vacancies on Oahu in three years by freeing up older, more affordable homes.
A University of Hawaii study found that a 512-unit condo project in Honolulu created over 500 new housing vacancies across Oahu within three years through housing filtering, where residents moving into new units freed up older homes.
The vacated homes were typically larger, more affordable—averaging 40% less per square foot—and more likely to be single-family homes with three or more bedrooms.
Market-rate construction generated more total vacancies, while income-restricted units more often released lower-cost housing.
Most relocations occurred locally, suggesting new housing supply, including market-rate units, can boost affordability by activating older housing stock, and policies limiting construction may reduce overall availability.
Un proyecto de condominios de Honolulu creó más de 500 nuevas viviendas vacantes en Oahu en tres años liberando casas más antiguas y más asequibles.