The Maryland Department of Housing and Community Development on December 31 published the 2030 Housing Production Targets for the State of Maryland report, which estimates the number of housing units needed to house every projected Maryland household in 2030.

The report also establishes annual housing production benchmarks for jurisdictions that reflect both the severe and urgent need to address the state’s housing shortage and a realistic scaling of current production trends.

Some key findings from the report include:

• Maryland is projected to need an additional 184,784 housing units to house projected households. At current average permitting rates, the state is on track to produce only half of the needed amount (94,620 units), which would deepen Maryland’s severe housing affordability crisis..
• To produce enough housing to house the number of Maryland households in 2030, the state would need to complete 36,957 housing units annually over the next five years, effectively double the current permitting rate.
• While doubling the state’s housing permitting rate in the next year is not feasible, doubling it through sustained policy reform over the next five years is both achievable and imperative to address the devastating impact the current lack of housing availability has on Maryland households.
• The statewide housing targets therefore reflect a five-year scaling up of production to approach the need. If the state meets its housing targets by 2030, 84% of estimated 2030 housing units needed will be approved for construction and the vast majority of those units will be occupiable by households in the following 6-36 months.

Read the 2030 Maryland State Housing Targets Report on the Housing Starts Here webpage.