🐂⏯️Jobs and population growth drive housing demand. In light of recent U.S. Census Bureau trends highlighting coastal migration to sunbelt markets including Texas (8 of 10 top counties with the most population growth); recently The Wall Street Journal and Moody's analytics released their 2023 annual rankings of the hottest job markets (assessing 300 markets). 🐂⏯️ ⚡Notable Ranking Highlights ⚡ ✅Sunbelt markets continued to rank high in 2023 with Florida - 4 cities, Texas - 2 cities ranking in the top 10 ✅Consistent themes with cities in states with fairly low to no income taxes, mid-sized cities, and year round attractive climates 🚀 Dallas, TX emerges in the Top 10 with top rankings across top 5 attributes including the overall #10 Ranking 🚀 #4 Labor Force Participation Rate #3 Payroll Change #3 Labor Force Size 🌅Notably, DFW ranks number #3 with 24 of the Fortune 500 companies headquartered in the market 🌞 Dynamic Shifts in Market Dynamics: While Salt Lake City took the lead in 2023, cities like Jacksonville, Orlando, Tampa, and Miami continued to shine, reaffirming Florida's allure for job seekers. Affordability, diverse opportunities, and lifestyle offerings remain key factors driving growth 🔍 Exploring Influential Factors: Delving deeper into the data, wage growth, labor force participation, and changes in employment levels played pivotal roles in determining market strength. Amidst uncertainties, these cities have showcased adaptability and resilience, have continued to draw talent from across the nation 🌟 Behind the rankings lie stories of growth and opportunity. From Salt Lake City's "Silicon Slopes" attracting tech talent to Austin (ranked 2022's top job market) emerging as a burgeoning tech hub, each city has its unique narrative of success. Florida's rise in the rankings underscores its appeal for remote workers and businesses, and dynamic ecosystem of growth. . 🌐Top 2023 Markets🌐 1 Salt Lake City, UT 2 Jacksonville, FL 3 Orlando, FL 4 Tampa, FL 5 Oklahoma City, OK 6 Miami, FL 7 Austin (tie) 7 Nashville (tie) 9 Seattle 10 Dallas 🌐Top 2022 Markets🌐 1 Austin, TX 2 Nashville, TN 3 Raleigh, NC 4 Salt Lake City, UT 5 Jacksonville, FL 6 Atlanta, GA 7 Denver, CO 8 Kansas City, MO 9 Boston, MA 10 Tampa, FL #growthmarkets #housing https://lnkd.in/g68JVX-z
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Greater Austin population hits 2.47 million; second fastest growing region in the U.S. Census Bureau data places the five-county region as the 26th-largest nationally. Between 2020 and 2023, 118,411 people relocated to Central Texas from within the U.S., alongside 24,775 international movers. Williamson County stands out as a rapidly growing hub, welcoming 81,639 new residents during the same period. That is more than 13% increase. Williamson County includes many affordable suburbs with easy access to downtown Austin. Fastest growing metro: Jacksonville, FL. Growth = Opportunity. #austintx #relocationspecialist
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Decatur's population is declining. Will traditional economic growth reverse the trend? - Multiple Decatur city executives have recently claimed that Decatur’s population is growing. This claim contradicts the U.S. Census Bureau data which recorded the city’s population at 76,122 in 2010 and 70,522 in 2020 (a decrease of 7.4%). Yearly estimates of Decatur’s population since the 2020 census have shown further population decline with a July 2021 population estimate of 69,646 and a July 2022 estimate of 69,097 individuals. Decatur’s labor force is declining at a faster rate than its population. According to Illinois Department of Employment Security data, the monthly labor force in Decatur averaged 36,679 in 2010, 30,937 in 2020, and 30,457 in 2022. Finally, Decatur Public Schools reported fewer students enrolled this year compared to last. Rather than city executives making false claims regarding population trends, Decatur’s leaders should be focused on how to reverse population declines and whether traditional models of economic growth will increase the number of residents living in our city. In recent months, Decatur has seen significant announcements of future economic development, particularly expansion of industry in the city’s northeast quadrant. However, it is unclear whether this growth will increase the city’s population or labor force. Despite neighborhood revitalization being the number one priority of the Decatur City Council for years, the city continues to lack a strategic plan and budget for the fundamental improvements needed in our city’s neighborhoods to increase the number of residents. Thus, the city is likely to produce hundreds of new jobs, but without improving the neighborhoods in which we live, it is unclear if new individuals will move to Decatur and current residents will remain. Instead, job seekers may take advantage of the major roads and nearby cities and commute to our city and live somewhere else. One of Decatur’s strengths is its extremely affordable housing when compared to the U.S. housing market. However, the reason housing may be so affordable could be due to the deterioration of many neighborhoods, combined with significant loss of population and labor force. Using data from Zillow, the average home price in the United States in April 2000 was $115,982 and was $46,770 in Decatur. In April 2023, the average home price in the United States was $339,459 (193% increase) and was $77,753 in Decatur (66% increase). During the same 22-year period, Decatur’s population has decreased 16% and the number of people employed has decreased 22%. Not every city can celebrate hundreds of millions of dollars in new investments entering its city and there is little doubt that Decatur’s northeast quadrant has and will continue to be transformed. Whether this traditional model of economic growth translates into additional residents and improvements to our currently distressed neighborhoods remains to be seen.
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Managing Director - Commercial Institutional Investment Sales, Finance and Research at Brookwood-Starboard Commercial
Is the San Francisco exodus over? Here’s what population data shows By Christian Leonard, Roland Li Dec 19, 2023 After seeing some of the biggest pandemic population losses of any American city, San Francisco is starting to bounce back. The city’s population began growing again in 2021 after plunging at the onset of the pandemic, a year earlier than previously thought, according to California Department of Finance data released Tuesday. The city gained about 1,400 people between July 2021 and July 2022, according to a revised estimate. A previous Department of Finance report estimated a loss of around 4,400 people during that period. The revisions incorporate migration data from the Internal Revenue Service and 2020 census data. Gains were stronger in the following 12 months: The city grew by about 4,900 people to a total of a little over 848,000 residents, a positive sign that it remains appealing in the age of remote work and despite persistently high housing costs. San Francisco’s 0.6% gain was the fourth-highest percentage increase among California counties, behind the three rural counties of Yuba, Madera and Mono. The city’s return to growth could boost its economy as it grapples with a budget crisis and stave off fears of a “doom loop.” Population swings have been driven mostly by people moving out or in, rather than births and deaths. By voting with their feet, many departing residents told the Chronicle that the city was no longer worth it. They flocked to destinations such as Texas and Washington state during the pandemic. But the more recent gains show that San Francisco is drawing in more people than it is losing, though it remains roughly 22,000 people smaller than it was in mid-2020. Between July 2022 and July 2023, the city saw a net gain of 4,682 people through domestic and international migration, the highest growth among California counties from those two sources. Notably, net domestic migration accounted for a gain of 1,070 people, up from a loss of nearly 3,000 people in the prior 12 months. Between July 2020 and July 2021, San Francisco lost a staggering 29,013 people, or 3.3%, almost all due to net out-migration amid stringent health restrictions. (The U.S. Census Bureau, which uses a different methodology, said the population loss was 6.3% during that time, the biggest percentage drop of any major American city.) https://lnkd.in/gC_5s8WM
Is the San Francisco exodus over? Here’s what population data shows
sfchronicle.com
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** Ireland Census 2022 Insights ** The 2022 Census acts as a mirror to broader societal and economic shifts, both within Ireland and globally. The 2022 Census points to a shifting patterns across Ireland, with Clare Island, Barna, and Cape Clear's high volunteering rates (47.9%, 34.1%, 33.1%) reflective of the global shift towards community-centered responses, especially in the wake of global events like the COVID-19 pandemic, where community support became paramount. Yet, urban centers like Priorswood B in Dublin and John's A in Limerick, with low rates of 3.1% and 3.3%, is reflecting the challenges posed by urbanization, where traditional community bonds are tested by the fast-paced nature of city life. Areas like Carran (Clare), Brownsford (Kilkenny), and Beldergmore (Mayo) reported the highest proportion of caregivers with 17.1%, 14.9%, and 14.7% respectively. These regions might be experiencing the ripple effects of the the global aging population trend. With the elderly forming a larger portion of the population, the demand for caregiving rises. Conversely, places like Grousehall (Donegal) and Derrylahan (Cavan) are witnessing the reverse: an outward migration of younger generations seeking opportunities in urban areas. The Irish language's strong presence in Lettermore, Gorumna, and Skannive in Galway (89.0%, 88.4%, 88.1%) is a testament to regional efforts to preserve and promote the Irish Language. The contrasting lower rates in urban hubs like Rotunda B and North City in Dublin (5.9% and 7.6%) perhaps underscore the challenges of cultural retention amidst urbanisation. The significant population churn in Clonskeagh-Belfield (Dún Laoghaire-Rathdown), Cappavilla (Clare), and Mansion House B (Dublin City) at 57.9%, 49.7%, and 39.9% might be influenced by the university and flexibile working trends birthed by the pandemic. Remote work policies are allowing professionals to move away from traditional city centers, reshaping the demographic landscapes of previously quieter regions. In contrast, stable regions like Aghacashel (Leitrim) and Breencorragh (Sligo) might be benefiting from or contributing to local economic stability. Follow us for more key insights.
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New Hampshire’s population grew by about 23,400 (1.7 percent) between July 2020 and July 2023, according to estimates from the U.S. Census Bureau. While some parts of the state saw robust population growth, other cities and towns experienced more limited growth or had population declines. Read more and explore the latest municipal-level population data in our latest interactive: https://lnkd.in/e_28fNgj
Lakes Region, Southern White Mountains, and Certain Larger Communities Have Fastest Population Growth Between 2020 and 2023 - New Hampshire Fiscal Policy Institute
https://nhfpi.org
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Recent US Census Data Reveals DC's Population is Continuing to grow. The data places #DC in Top Ten States for Population Percentage Growth. “#DC’s Comeback is underway, and you can see it in these numbers,” said #MayorMurielBowser. “In our #ComebackPlan, we are clear: we are focused on keeping people in DC, bringing people to DC, and making sure that every neighborhood is a vibrant place for people to live, work, visit, and play. We are going to continue to attract great employers, to invest in housing and economic opportunity, and to prioritize our city’s greatest asset: our people.”https://lnkd.in/ebYk2MRe Detailed data can be found at https://opdatahub.dc.gov. Office of the Deputy Mayor for Planning and Economic Development DC Office of Planning DCBIA #USCensus #populationgrowth #downtowndevelopment #DCComebackPlan
“2023 Census Data Highlights Continued Population Growth in Washington, DC”
https://www.popville.com
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The Dallas-Fort Worth Metroplex experienced the largest metropolitan population growth in the nation last year, adding approximately 418 residents a day, according to recent U.S. Census Bureau data. Eight out of 10 of the counties with the largest population gains in the nation were also in the state of Texas. Six out of the 10 fastest growing counties in the nation were in Texas. Kaufman and Rockwall counties grew the fastest and saw 7.6% and 6.5% growth, respectively. With an increase of 152,598 people, DFW surpassed 8 million total residents. The Houston-Pasadena-Woodlands metro area experienced the second largest metropolitan increase in the country and added 139,789 residents, bringing its total population to 7.5 million. The Austin metro area was seventh and added 50,105 people. Harris County grew by 53,788 residents and is the largest gaining county in the nation. The county is the third most populous county in the U.S. and has a total of 4.83 million. https://lnkd.in/gfxeeYfb
DFW surpasses 8 million residents, top metro growth in the nation, Census reports
wfaa.com
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#New: Michigan's population stopped declining, but not everywhere is growing evenly. Newly released data the U.S. Census Bureau shows the state grew ever so slightly between 2022 and 2023, but not all counties grew evenly — or at all. Michigan grew very slightly in 2023 after several years of decline, but some areas have fared better than others. Metro Detroit has lost thousands of people, according to new Census numbers, while the #GrandRapids area gained nearly 5,000 people in just a year. Read more on Michigan's shifting population. https://lnkd.in/gX-cucFW
Michigan's population stopped declining, but not everywhere is growing evenly
detroitnews.com
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Pennsylvania's population has dropped by around 41,100 since 2020, but the Lehigh Valley remains a growing outlier, according to new population estimates from the U.S. Census Bureau. Wanna beat inflation? Now is the time to invest, take our five-question survey to see if you're a good fit: lvpefund.com/questionnaire https://lnkd.in/e4fvgJA7 Read more here 👆 #RealestateMarket #RealestateInvestment #CommercialRealestate #MultiFamilyRealEstate #Pennsylvania
Pa.'s population has decreased since 2020, but Lehigh Valley's growth continues — Real Estate Investor MBA
rei.mba
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Director Spatial Analytics and Policy @ Mecone | PlanTech, Policy, Spatial Analytics, Senior Executive
We are now a few years post COVID and there has been talk about the mass migration of younger people out of Sydney to regional areas or other States. What many thought was a gut feeling coming out of COVID, it was the census data that confirms it. In MOSAIC we have been adding in a range of census data covering 2011, 2016 and 2021 periods and for LGAs and SA2s across the nation to help you inform your next project or policy work. I’ve noticed in NSW: 1. The SA2s and LGA’s seeing their 20-39 year old’s leave are predominantly in older parts of the city and on the eastern side of Sydney city. These same areas are also increasing in their 55+ age cohorts. With a declining workforce, ageing population and hard to access housing market, these local economies may struggle to attract or retain the workforce they need to power their future and deliver the services they need. Some serious local economic strategy work needed for many local areas across Sydney. 2. Conversely many regional areas and fringe areas of Sydney are seeing an uptick in younger age cohorts indicating, to me at least, that areas with younger age cohorts will be where the future skills reside and stronger and more diverse economic activities taking place. Yet these areas struggle to attract the infrastructure and program investments that support growth. South West Sydney, fringe areas outside of ACT, Newcastle and the Hunter region being these booming areas. 3. The next round of population projections will be one of the hardest to compute – will these migration dynamics continue to play out and is Australia now an upwardly mobile population making it hard to project where residents will live in the future? With so many twists and turns in some age-cohorts, is the reliance on the past age-cohort trends able to adequately inform long-range futures? 4. There has been little observable growth in the count of Australian Business in many SA2s and LGAs. Is the Australian economy just hanging on and in stagnation mode? Are we in more trouble than we think? 5. Household incomes has seen a significant increase in 2021 census results compared to 2016. I’m not an economist and can’t pinpoint why this may be the case. Perhaps almost most households now need double incomes to cover the basics in cost of living? For households with young children, are we seeing both parents working and is this affecting early childhood development? In my view it looks like we need some serious economic policy work as I'm not convinced that the path we are on is sustainable in its current form.
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