The Broward Housing Council meeting held on April 25, 2025, focused on critical economic trends and housing challenges in Broward County. Key discussions highlighted the disparity between rising home prices and stagnant median incomes, as well as the implications for the local workforce and senior populations.

During the meeting, a presentation revealed that from 2012 to 2023, the median sales price of single-family homes in Broward County surged from just over $200,000 to eight times the median household income. This sharp increase, particularly notable since 2019, raises concerns about housing affordability for residents.

The labor force participation rate in Broward County was also a significant topic. It currently exceeds national levels, but the gender gap in workforce size has widened since the COVID-19 pandemic. Both male and female workforces have grown, yet the male workforce remains larger. The labor force participation rate dipped by nearly 2 percentage points during the pandemic but has since shown signs of recovery.

The presentation further detailed the occupational landscape in Broward County, with nearly 40% of residents employed in management and professional sectors, while 43% work in sales and service occupations. However, these sectors typically offer lower average salaries, contributing to economic challenges for many residents.

A critical focus of the meeting was on poverty, particularly among seniors. The poverty rate for seniors has increased significantly, with certain areas in the county, such as Hollywood and Pembroke Park, showing alarming rates of senior poverty. In some census tracts, over 30% of seniors live in poverty, highlighting the urgent need for targeted support and resources for this vulnerable population.

In conclusion, the Broward Housing Council emphasized the need for strategic planning to address the growing housing crisis, economic disparities, and the increasing rates of poverty among seniors. The discussions underscored the importance of community engagement and policy development to foster a more equitable and sustainable future for Broward County residents.