The Montgomery County Planning Commission (MCPC) recently released reports on completed housing units and non-residential construction in Montgomery County, which showed growth in both areas.
According to the 2017 Housing Units Building report, 1,964 housing units were completed in 2017. The new units have an estimated taxable property value of $318 million.
The 2017 Nonresidential Construction report found that nonresidential construction completed in equaled more than 1.6 million square feet, the second highest amount within the last five years.
“These reports indicate that Montgomery County’s housing market is strong, businesses are investing in our county, and our economy is growing,” MCPC Chair Dr. Val Arkoosh said.
The 2017 Housing Units Built report revealed that 40 percent of the new units were apartments. Single-family attached construction increased slightly from last year while detached construction decreased.
For nonresidential construction, commercial development made up the highest square footage at 593,117 square feet. Institutional accounted for 280,000 square feet, making it the second largest category.
The housing report also includes information on municipal totals for each housing type and details on age-restricted units, while the nonresidential report also provides municipal square footage totals by land use.