Data Shows Apartment Demand Falls in 3rd Quarter

Third quarter data shows a sharp drop in US apartment demand. Coming off of a hot streak through most of 2021 and half of 2022, demand for apartments has plunged in the US. Even more surprising was the timing of the slump. The third quarter, July through September, is usually the busiest time for renters to move into apartments. Nationally asking rents have also fallen roughly 0.2%, the first decline since the pandemic. This information follows…

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Wall Street Predicts National Housing Prices to Drop Between 5% – 15%

Several major financial institutions have recently released reports predicting national housing prices are to drop between 5%-15%.  Over the past several weeks, some of Wall Street's largest financial institutions have all released reports predicting a national decline in housing prices. Such declines are not entirely unprecedented, but they are incredibly rare. Notably, only two times, both during the Great Depression and the Great Recession, did housing prices decline nationally by double-digit. What the banks are…

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MACo’s Fall Symposium: Deep Conversations on Housing – Register Today!

Every year, MACo hosts a one-day symposium for county officials and professionals to dive deeply into a hot topic. The 2022 Fall Symposium will be held on October 19 and will focus on affordable housing and the planning/zoning, infrastructure, socioeconomic, and environmental factors involved. 2022 MACo Fall Symposium Missing Home: Deep Conversations on Housing Date: Wednesday, October 19, 2022  |  Time: 9:30 am - 3:15 pm Location: Anne Arundel County Professional Fire Fighters Local 1563…

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Montgomery Climate Action Report Highlights Major Successes

The Montgomery County Climate Action Annual Report highlights 75 accomplishments to reduce climate-related risks.  Montgomery County has released its first Climate Action Plan Annual Report, a work plan detailing Fiscal Year 2022 (FY22) accomplishments and Fiscal Year 2023 (FY23) plans to combat climate change. The report highlights 75 accomplishments in the first year since the plan was released in June 2021. The Climate Action Plan (CAP) is a strategic plan to cut community-wide greenhouse gas (GHG) emissions 80 percent by…

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We Are All in this Together: A Discussion on Housing Affordability

The shortage of affordable housing is hitting everyone, from senior and mid-career professionals, to college students just starting out. Conduit Street runs down some of the latest discussion about, and contributors to, this important topic. One does not need to look far to find evidence of families everywhere struggling with the increasing costs of rents and mortgages. Affordable housing is a unique issue that hits almost all demographic groups in some way. Household budgets stretch…

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Cumberland, Maryland Among Most Affordable Housing Markets

Route 50 recently dissected a report from the National Association of Homebuilders (NAHB), spotlighting Cumberland, Maryland, as one of the country's most affordable small housing markets.  The publication details a housing affordability crisis spurred by "a perfect storm of high inflation, low inventory and rising mortgage rates." Using the Wells Fargo Housing Opportunity Index, NAHB ranked markets across the nation based on the percentage of housing stock that is affordable for "families earning the national median income…

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Registration Open for Grant Application Bootcamp – Deadline August 31st!

Now through Aug. 31st, the Local Infrastructure Hub has opened registration for a Grant Application Bootcamp.  The Local Infrastructure Hub is currently developing a Grant Application Bootcamp open to local government leaders. Registration for the program is open now through August 31st but space is limited. Organizers of the bootcamp are encouraging interested jurisdictions to sign up as soon as possible. What LIH will cover: Over the next two years, there will be at least…

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Building Equitable Infrastructure: A Luncheon Conversation at #MACoCon

The Maryland County Officials Diversity Caucus (Diversity Caucus) and Women of MACo jointly hosted a luncheon at MACo's Summer Conference featuring a much-needed discussion regarding equity and public infrastructure. The Diversity Caucus and Women of MACo are chaired by Commissioner President Craig Mathies, Sr., and Council President MC Keegan-Ayer, respectively. In addition, two speakers joined the luncheon: Delegate Robbyn Lewis and Thomas D. Peterson, President of the Center for Climate Strategies (CCS). Each speaker highlighted inequities resulting…

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Housing Talks Takes Center Stage at #MACoCon

At the 2022 MACo Summer Conference, an expert panel discussed the challenges and opportunities around housing affordability.  Everyone deserves the ability to find an affordable place to call home, but getting there has proven to be difficult for many communities. Labor and supply shortages, skyrocketing interest rates and inflation, the looming eviction crisis, inclusive housing concerns, and equity in transportation access are all front-and-center in the national and local housing conversation. This panel discussed county-level…

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