Development Capacity Trends under the Annual Growth Policy
1995-2003
1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | |
---|---|---|---|---|---|---|---|---|---|
Capacity used by approved but not constructed residential development ("Pipeline") | 32,160 | 33,426 | 33,791 | 36,050 | 34,774 | 33,270 | 32,890 | 41,272 | 30,755 |
Capacity available for approval of new residential development | 35,172 | 36,248 | 33,490 | 35,178 | 33,146 | 32,437 | 31,393 | 28,799 | 29,161 |
Total Capacity | 67,332 | 69,674 | 67,281 | 71,228 | 54,427 | 52,224 | 50,740 | 48,504 | 44,199 |
Number of years to use available development capacity assuming construction of 4,500 units per year | 15.0 | 14.8 | 14.9 | 15.8 | 12.1 | 11.6 | 11.3 | 10.8 | 9.8 |
Actual amount of development completed in calendar year | 2,937 | 3,114 | 3,941 | 3,200 | 5,464 | 4,188 | 4,179 | 5,484 | 5,461 |
NOTE: Fiscal year begins July 1. In many areas, residential development can be approved above the capacity ceilings under various conditions. Source: Montgomery County Department of Park and Planning, Research and Technology Center, March 2004. |