Hawaii
Report: Home Affordability In Hawaii Is 'As Bad As It’s Ever Been'
Only 1 in 5 households in Hawaii can afford to buy a single-family home — a dramatic drop from just three years ago, according to a grim housing report released by the University of Hawaii on Monday.
In 2021, 44% of Hawaii households could afford the mortgage on a median-priced single-family home. That figure is now 20%. As a result, home sales plummeted last year, hitting a 25-year low. But the slump had little impact on prices.
“We haven’t really seen any drop in prices, but there’s this huge increase in what it costs to buy a house because of interest rates,” said Justin Tyndall, an assistant professor of economics with the University of Hawaii Economic Research Organization and the lead author of the report. “Affordability is as bad as it’s ever been.”

High interest rates have had a crippling effect on would-be homeowners in the state by not only making mortgages significantly more unaffordable, but also reducing the number of houses on the market.
A majority of mortgage-holders in the state are paying an interest rate of less than 4%, according to the report, making many homeowners wary of putting their home on the market and trying to purchase something else at a much higher interest rate.
The state’s housing market has also worsened for renters in the last year. Hawaii has the highest median rents in the nation and a majority of renters — 56% — are considered “rent-burdened,” meaning they spend more than 30% of their income on rent.
The Maui fires worsened the state’s housing crisis, causing prices to rise while “the availability of rentals have plummeted,” according to the report.
Vacation Rentals And Out-Of-State Buyers
Short-term vacation rentals make up about 6% of the state’s housing stock, a figure that has grown in recent years but also varies dramatically by island. The number of active short-term rental listings grew 9% statewide between 2022 and 2023. Kauai saw the biggest spike, with a 22% jump in listings.
The number of short-term vacation rentals on Maui has actually increased slightly since the fires, despite the loss of 380 vacation rentals in West Maui and tax incentives for unit owners across the island to convert their units into long-term housing.
“The policy was supposed to incentivize a bigger shift away from vacation rentals and toward housing locals, but we haven’t really seen that in the aggregate,” Tyndall said.
While short-term vacation listings on Maui plummeted after the fire, they are now 2% higher than they were a year ago.
The report also found that “a significant portion of Hawaii’s property owners” are not residents of the state. People from out of state made up 13% of property owners on Oahu and 32% on Maui. More than half of property owners in Lahaina had an out-of-state mailing address.
On Maui, about 85% of vacation rentals are owned by people from out of state, Tyndall said.
Another big takeaway from the overall data, Tyndall said, is that the state isn’t building enough housing to have any real impact on affordability. The state has significant issues with permitting delays, although some progress has been made in the last year in multiple counties, according to the report.
However, strict limits on where multi-family homes can be constructed, along with steep developer fees and permitting delays contribute to the high costs of condos and “reduce the amount of new housing the state.”
“While many households have a preference for single-family homes, building high-rise condominiums can provide many more units, allowing vacancies to propagate across the market, and pushing down housing prices everywhere, including for single-family homes,” the report says.
Converting thousands of vacation rentals into long-term rentals — which Maui’s mayor is proposing to do — could have a really significant impact on affordability, Tyndall said.

Sign up for our FREE morning newsletter and face each day more informed.
Hawaii
Hawaii House and Senate approve budget agreement, sending bill to final votes
HONOLULU (HawaiiNewsNow) – The Hawaiʻi State Senate and House of Representatives on Thursday approved House Bill No. 1800 CD1, the state’s supplemental budget bill for the fiscal biennium 2025-2027.
The measure was finalized in a joint conference committee after both chambers initially passed different versions. The bill will now be up for final reading in both chambers before heading to the Governor’s desk for his signature.
The appropriations are as follows:
General Fund
Fiscal Year 2026: $10.42 billion
Fiscal Year 2027: $10.63 billion
All Means of Financing
Fiscal Year 2026: $19.77 billion
Fiscal Year 2027: $20.31 billion
“This budget uses cost-saving measures to help keep our promise to address the high cost of living and deliver meaningful tax reform to Hawaii’s citizens, especially our working- and middle-class families. At the same time, we are strengthening the State’s resilience through responsible long-term investments that promote regional economic development and environmental stewardship,” said Senator Donovan M. Dela Cruz, Chair of the Senate Committee on Ways and Means (Senate District 17 – Portion of Mililani, Mililani Mauka, portion of Waipi‘o Acres, Launani Valley, Wahiawā, Whitmore Village).
“The CIP budget reflects our commitment to protecting health and safety, preserving and modernizing state facilities, and investing in the critical infrastructure and public assets our communities rely on. These investments also support affordable housing, strengthen education, and advance economic development that will help sustain thriving communities across Hawai‘i,” stated Senator Sharon Y. Moriwaki, Vice Chair of the Senate Committee on Ways and Means (Senate District 12 – Waikīkī, Ala Moana, Kaka‘ako, McCully).
“This budget reflects the House’s continued collaboration with the Administration and the Senate to take a balanced, responsible approach to preserving core government services and strengthening our safety net for Hawaiʻi’s residents—especially those who rely on these services as a lifeline,” said Representative Chris Todd, Chair of the House Committee on Finance (House District 3 – portions of Hilo, Keaukaha, Orchidlands Estate, Ainaloa, Hawaiian Acres, Fern Acres, and parts of Kurtistown and Kea‘au). “It prioritizes critical needs across housing, agriculture, natural resources, transportation, public safety, and economic development, setting a strong foundation as we respond to federal funding cuts that have impacted Hawaiʻi and required the state to urgently step up to support our residents.”
Copyright 2026 Hawaii News Now. All rights reserved.
Hawaii
Damage reports continue to grow after Kona low storms
HONOLULU (HawaiiNewsNow) – The city has received nearly 1,600 damage reports so far after the back-to-back Kona low storms.
Dawn Takeuchi Apuna, director of the Department of Planning and Permitting, provided the information Thursday while testifying in front of the Honolulu City Council Zoning & Planning Committee.
“It was very interesting just to understand, go house to house, to really see the damage, understand what people are going through,” said Apuna about validating the data with government employees.
The DPP provided the following data:
- 23 homes destroyed
- 260 homes need major repairs
- 32 temporarily inaccessible
- 436 homes sustained minor damage
- 442 homes sustained cosmetic damage, but are safe to live in
- 393 homes sustained no visible damage
Apuna explained that major damage means floodwaters reached more than 12 inches and covered a major outlet. Minor damage means floodwaters reached below 12 inches on a structure.
“With this information, FEMA was able to take that data and take it to the feds to determine the disaster declaration,” said Apuna.
Representatives from the Federal Emergency Management Agency and the U.S. Small Business Administration went out into the community to validate the information.
“It was important that we went out right after the storms to assess flood lines within houses and to really understand the level of damage,” said Apuna.
She said close to 56 percent of those affected did not have flood insurance. “That’s where FEMA comes in. If you don’t have insurance, FEMA hopefully can cover that cost.”
Apuna testified that the DPP is providing residents with the tools, resources, and guidance needed to restore structures.
DPP also received 17 new permit applications from flood victims.
“Six are repair permits, two are alteration or addition, which we need to look at because they might not be necessarily Kona low-affected,” said Apuna.
Staff can waive permitting fees on a case-by-case basis.
Copyright 2026 Hawaii News Now. All rights reserved.
Hawaii
Tin Can Mailman: Preserving Hawaii’s past, one paper treasure at a time
HONOLULU (HawaiiNewsNow) – Oswalt-Sanchez owns Tin Can Mailman, tucked into Honolulu’s Chinatown along Nuʻuanu Avenue—a shop where history doesn’t sit behind glass.
“Generations progress, and they age out; people don’t realize how special some of this older stuff is,” says Christopher Owalt-Sanchez. “It’s all little, tiny pieces that if we don’t talk about and we don’t share, it’s going to be forgotten.”
It’s stacked, shelved, and cataloged in the form of everyday artifacts: vintage canned food labels, old travel brochures, restaurant menus, and movie lobby cards that once helped sell an evening at the theater.
Inside, you’ll find lobby cards advertising films shot in Hawaiʻi or centered on island life—bright, nostalgic snapshots from a time when going to the movies was an event.
“This is back when movie theaters only had one screen, and the lobby was like a very posh, sort of, like a nicer hotel lobby,” Owalt-Sanchez explains. “So, they would utilize every little bit of space. So, these would have been in the lobby, and they would have been advertised—a movie that could have only played one night or a movie that was coming.”
The shop also holds travel brochures from United Airlines and Aloha Airlines, along with menus from restaurants that helped define eras of Waikīkī dining—but are now long gone. Names like Ciro’s, Lau Yee Chai, and Tops live on in print, offering a glimpse into what people ordered, what it cost, and what “a night out” looked like decades ago.
“You know, you go to a lot of places now, new places that are opening up—the menus are digital. You scan a QR code,” he says. “Here, we’ve actually got the menu. You can see what people were eating. You can see how much it costs and think, that’s really interesting—that you can get, you know, a double bourbon for 25 cents.”
And it’s not just paper ephemeral. Tin Can Mailman is also home to collectibles and curiosities that blur the line between souvenir and story—objects that spark memories for some and discoveries for others.
A Shop With a Story of Its Own
Even Tin Can Mailman’s name comes with history—and the business has traveled nearly as much as the items it sells.
“Well, the Tin Can Mailman originally opened in the 1970s in a town called Arcata, California. It was originally a bookstore,” Owalt-Sanchez says. After a divorce, the original owners split: “The lady kept her Tin Can Mailman in Arcata, and the man took his Tin Can Mailman to Kauaʻi, opening in the mid-1980s.”
Over the years, the store moved through roughly five locations on Kauaʻi. The owner sold it in 2003, died in 2005, and the shop eventually made its way to Oʻahu—relocating to Chinatown in November 2009. The Arcata store, Owalt-Sanchez adds, still exists today, but the two are no longer connected.
So why “Tin Can Mailman”?
“He named it after an island in Tonga, where they would take the mail and weld it shut in big tin biscuit cans or cookie cans,” he explains. “And the men would swim out to the passing ships and deliver the mail and get the new mail and then bring it back to the island. And those were the tin can mailmen.”
The practice dates back more than a century, he says—first as a necessity, later as a novelty, even evolving into what was known as “tin can canoe mail.”
Keeping the Details From Disappearing
Owalt-Sanchez says Tin Can Mailman has sourced items from all over the world.
“Tin Can Mailman has bought things as far away as Argentina and as close as across the street,” he says.
But for him, the point isn’t simply collecting—it’s connecting. He sees each label, menu, card, and brochure as a fragment of lived experience, especially as older generations fade and their everyday stories go with them.
“I like to tell you about what the industry was like in the 40s, what was selling in the 40s, what people were sending home,” he says. “Because that generation is, you know, slowly disappearing. And if we don’t talk about it, it’s just gone. That’s all, little pieces of love and little pieces of light that are just float away into the wind.”
Copyright 2026 Hawaii News Now. All rights reserved.
-
California1 minute agoCSUF economists raise inflation forecasts for Southern California
-
Colorado7 minutes ago‘The idea of selling them is insane:’ Colorado senator offers new bill to prevent public land sales
-
Connecticut13 minutes agoTelework at DCF under fire following Child Advocate letter
-
Delaware19 minutes agoMan indicted in grandmother’s death after January Lewes hotel assault
-
Florida25 minutes agoDeSantis reappoints three trustees to TSC board. Here’s who they are
-
Georgia31 minutes agoGeorgia county’s HR policy council goes digital, boosting attendance, reducing grievances
-
Hawaii37 minutes agoHawaii House and Senate approve budget agreement, sending bill to final votes
-
Idaho43 minutes agoShop geared towards neurodivergent community opens in Idaho Falls – East Idaho News

