Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Montgomery County quarterly indicators show tight housing market, lagging young-worker labor force and child-care shortfalls
Summary
County staff and MCEDC presented quarterly indicators showing a 2.4% unemployment rate, a jump in median home prices to about $615,000, an office vacancy near 18.5% and structural declines in the 25–34 labor force; private-sector childcare employment has not recovered to its pre-pandemic peak.
County economic planners and Montgomery County Economic Development Corporation analysts told the council’s Economic Development Committee on March 10 that recent quarterly indicators show a county economy with both strengths and structural weaknesses.
The unemployment rate was reported at about 2.4 percent, while median home prices rose from roughly $554,000 to about $615,000 — an increase staff described as roughly 11 percent year over year. Office vacancy was reported at about 18.5 percent, up from roughly 17.4 percent a year earlier. County presenters said multifamily and attached housing types (townhomes, condos) are the more affordable ownership or rental…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
