Regional Housing Update: Supply, Demand, COVID, and What's Next
October 9, 2020
On Friday, October 9, several of the top minds in real estate engaged in an enlightening conversation about the past, present, and future of the local housing market.
You can find a copy of Jeannette Chapman's presentation here: https://www.lerchearly.com/uploads/1577/doc/Pandemic_&_Issues_Related_to_Housing_10-09-2020.pdf
Here is the recording of the event:
Last year’s Metropolitan Washington Council of Governments report was clear: The DC Metro Area is facing a housing shortage, needing 320,000 more housing units by 2030 to keep up with growth.
This, of course, was pre-COVID. Now that we’ve settled in, at least a little bit, to our new normal, it’s time to take a look ahead at the single family, multifamily, and senior housing segments in the Montgomery County, Prince George’s County, and DC markets:
- What impact, if any, has COVID had on current and projected housing demand and product type?
- What’s the right mix of single family, multifamily, and senior housing to meet demand?
- How does the demand vary by jurisdiction?
- Where are investors looking to spend money?
- From a policy perspective, how will the results of the upcoming presidential election move the needle, and in what direction?
The Stephen S. Fuller Institute
President and Principal
Elm Street Communities
Senior VP of Development
Sunrise Senior Living
President & CEO
Jair Lynch Real Estate Partners
Managing Director - Capital Markets
Newmark Knight Frank