Population Changes In MoCo May Affect Housing Market | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Population Changes In MoCo May Affect Housing Market

Play associated audio
Single-family homes, currently the vast majority of housing in Montgomery County, may not fit the needs of the two rising populations.
http://www.flickr.com/photos/thecourtyard/4427389551
Single-family homes, currently the vast majority of housing in Montgomery County, may not fit the needs of the two rising populations.

The impacts of both increases may end up being felt the most on the housing market. Rollin Stanley, the director of Montgomery County's planning department, says both populations will want similar housing over the next decade, though for different reasons.

"It should be telling the marketplace -- in places like White Flint, Silver Spring and Wheaton -- that there is a market potential here to provide smaller, more affordable units to a segment of the population in this county that is underserved," he says.

The traditional single-family home may be too expensive for the young adults still with their parents, while many of those about to retire will want to downsize, but not to an apartment or an assisted-living facility. Stanley says the housing market is slowly beginning to catch on.

"Ninety-seven and a half percent of our residentially zoned land is for single-family homes. We have a lot of them. What we need now is another housing product to grow," he says.

Over the past decade, the aging population grew so fast that it raised the median age in the county almost two years to 38.5.

WAMU 88.5

Art Beat With Lauren Landau, April 28, 2015

Music from South Asia comes to D.C. this week.

NPR

Tyson Foods To Stop Giving Chickens Human-Used Antibiotics

Tyson, the country's biggest producer of chicken meat, says within 2 years, it expects to stop giving chickens antibiotics that humans also use. The decision echoes one by McDonald's last month.
NPR

Record Number Of Amicus Briefs Filed In Same-Sex-Marriage Cases

This week's same-sex-marriage cases at the Supreme Court brought in a record number of friend-of-the–court briefs. But truth be told, the justices do not read all of these briefs.
NPR

Report: To Aid Combat, Russia Wages Cyberwar Against Ukraine

Cyberwarfare is a hidden world with few documented examples. In a new report, security researchers detail digital attacks against Ukraine's military, and charge the Russian military as the hacker.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.