while there are increases in median housing values , these increases are fairly reasonable for this geography compared to other geographies across the nation .
Figure 2‐3 Single‐Family Building Permits , 200
Building Permits An analysis of the number of building permits issued can be a good indicator of the growth of a community . Records since 2004 show how the construction of housing in the JLUS Study Area responded to growth and economic recession during the last decade . The US Census State of the Cities Data Systems Building Permits Database , 2004 – 2016 provided the data for the following building permit evaluation .
Figure 2‐3 shows the trend in the issuance of building permits for new single family housing units from 2004‐2016 . This graph shows how the construction of single‐family homes in the City of Montgomery and in Montgomery County responded to the economic recession from 2007‐2010 . The chart shows that although the issuance of housing permits in the City of Montgomery were impacted by the recession , falling from roughly 900 permits being issued in 2005 to less than 200 permits being issued in 2009 . The years between 2011 and 2014 showed a steady increase in permit activity for single‐family housing for the City of Montgomery . Following the same decline in single‐family permits , Montgomery County experienced an increase in activity from 2010 to 2011 and continued to rise slightly in 2012 , and then remained around 500 per year from 2013‐2014 . However , in the last two years the County experienced a steep decline in the issuance of single‐family permits .
Permits for single‐family construction in the City of Prattville exhibited a similar , though less dramatic decline between 2004 and 2009 , with 347 permits being issued in 2006 and 110 being issued in 2009 . The permits issued between 2011 through 2014 have gradually increased with 131 permits issued for single‐family construction in 2014 .
Source : State of the Cities Data Systems , Building Per ^Autauga and Elmore counties are not participating shown here to provide context for the surrounding ar
Multi‐family housing ( housing with two or more of housing type and availability in the Study Are trend in multi‐family building permits at the city 2004‐2016 .
While the growth and decline is much more spo permit trend , there has been an overall decline the past decade within the City of Montgomery there has been a slight resurgence in the issuan units in the City of Montgomery . Multi‐family p spiked in 2010 with 56 permits , and in 2012 wit multi‐family housing permits were issued betwe 2013 to 2014 . Montgomery County mirrored th 2010 , where there was a decline in multi‐family
June 2017 Background Report