IIS express localhost waiting

I run VS2015 as administrator, start a new project ASP.NET application, Empty 4.5.2 and then just add a simple html page. When I try to launch using IIS Express I just get waiting for local host. If I do this under IIS local it works fine.

I've looked at a number of solutions but have been unable to resolve the problem. I'm a newbe to all of this so would appreciate step by step instructions on how to resolve.