Thanks to the generous support of the Hawaii Community Reinvestment Corporation (HCRC), I began my appointment as the HCRC Professor in Affordable Housing Economics, Policy, and Planning in Fall 2024. This position has allowed me to maintain a nationally focused research agenda while also engaging with housing policy in Hawaii. The HCRC endowment has been […]

We test whether new condominium construction generates vacancies in a lo-cal housing market through induced moves. Using detailed address-history mi-crodata, we track households who moved into a newly built 512-unit condo-minium tower in Honolulu, Hawai’i, which included both market-rate and income-restricted units. We identify prior addresses and follow vacancy chains across multiple rounds of moves. […]

Hawai‘i remains in a severe housing crisis. High prices and mortgage rates have made homeownership unaffordable for most residents. Housing production remains slow, with county and state regulatory barriers posing a major obstacle to new construction. Meanwhile, shifts in the U.S. home insurance market have driven up costs, increasing homeowners’ association fees and further reducing […]