New Housing Units in Montco Reach Ten-year High

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The number of housing units built in Montgomery County in 2016 reached its highest amount in 10 years. (IMage via Montgomery County Planning Commission)

The number of housing units built in Montgomery County in 2016 reached its highest amount in 10 years, while new nonresidential (commercial, office, and institutional) construction nearly doubled since 2015, according to two new reports issued by the Montgomery County Planning Commission.

“These substantial increases indicate a strong housing market and growing economy in Montgomery County,” said Dr. Val Arkoosh, Chair of the Montgomery County Board of Commissioners.

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“Businesses want to invest and grow here, and with the booming apartment market, millennials are moving here.”

According to the 2016 Housing Units Built report:

  • 2,219 housing units were constructed in 2016—an increase of 16 percent when compared to 2011.
  • The estimated taxable property value of these new units is approximately $294 million.
  • About half of the new housing units (1,129 units) are apartments, which is a 49 percent increase from 2015 and a 65 percent increase from 2011.
  • Conshohocken (12.1 percent), New Hanover (17 percent), Salford (25.5 percent), Upper Hanover (16 percent), and Upper Providence (11.1 percent) saw the greatest percentage increase in housing units built between 2011 and 2016.

Read or download the 2016 Housing Units Built report  published by the Montgomery County Planning Commission here.

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