
Written by Casey Anderson and Lisa Govoni
The basic problem with housing in Montgomery County is easy to summarize: We haven’t been building enough of it for quite some time.
We’re building less and less over time
In every succeeding decade since the 1980s, the number of residential building permits issued here has steadily declined, both in absolute terms and relative to the rest of the region. Home construction has fallen well short of the 4,200 units per year that the Council of Governments (COG) estimates that the county needs to keep up, even with relatively modest population and job growth.
Here’s a chart that shows what we’re talking about:
Montgomery County Building Permits
Limited new construction creates supply … Continue reading