Community Corner
Report: Demand for New Homes to Surge in Fairfax County
A GMU report states the Fairfax area needs mass production of new housing units over the next two decades, to keep up with job creation.
By Daniel Miller
Unlike most of the country, the Washington D.C. area has flourished with job growth during turbulent economic times.
According to a WTOP Radio report, the D.C. area will have an influx of more than 800,000 jobs over the next 20 years.
This is not only a huge win for the district, but for Northern Virginia, which will gain half of these new jobs, including 134,000 for Fairfax County, the report indicates.
While the addition of new jobs in Fairfax County is good news for members of the community, the scarcity of housing is not.
Fairfax County, compared to other Northern Virginia counties, has the greatest need for more housing, said WTOP.
The George Mason University Center for Regional Analysis reports that Fairfax County needs to build 85,000 new housing units—that's an average of 81 new homes per week over a 20-year period.
Analysts believe single-family homes in Fairfax County ranging from $400,000 to $600,000 will be a hot commodity among working professionals.
Read the full report from GMU's Center for Regional Analysis here.
What do you think of this report? Do you agree that new housing is not keeping up with the pace of new jobs in the Fairfax area? Tell us your thoughts in the comments.
Unlike most of the country, the Washington D.C. area has flourished with job growth during turbulent economic times.
According to a WTOP Radio report, the D.C. area will have an influx of more than 800,000 jobs over the next 20 years.
This is not only a huge win for the district, but for Northern Virginia, which will gain half of these new jobs, including 134,000 for Fairfax County, the report indicates.
While the addition of new jobs in Fairfax County is good news for members of the community, the scarcity of housing is not.
Fairfax County, compared to other Northern Virginia counties, has the greatest need for more housing, said WTOP.
The George Mason University Center for Regional Analysis reports that Fairfax County needs to build 85,000 new housing units—that's an average of 81 new homes per week over a 20-year period.
Analysts believe single-family homes in Fairfax County ranging from $400,000 to $600,000 will be a hot commodity among working professionals.
Read the full report from GMU's Center for Regional Analysis here.
What do you think of this report? Do you agree that new housing is not keeping up with the pace of new jobs in the Fairfax area? Tell us your thoughts in the comments.
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