Jan 2, 2017
Texas No. 1 in population growth—will real estate markets follow?
TEXAS – The U.S. Census released its 2016 population estimates December 20, 2016, for state-by-state growth from 2015 to 2016, and nowhere were gains bigger than in Texas.The state’s population made a 432,957-person leap from...
TEXAS – The U.S. Census released its 2016 population estimates December 20, 2016, for state-by-state growth from 2015 to 2016, and nowhere were gains bigger than in Texas.
The state’s population made a 432,957-person leap from 27.42 million to 27.86 million. That’s more than 60,000 people above No. 2 Florida.
However, looking at growth relative to population size, Texas was not the No. 1 state; it was No. 10, increasing 1.58 percent year over year.
Texas’ growth was not unique to the region, but a trend that spanned the entirety of the South.
Population increases are a positive sign for real estate markets, because historically, they have coincided with market growth.
Check out the below table to see how Texas’ growth compares to other top states:
In This Article
Topics
You might also like
SUBSCRIBE TO OUR
Publications
Receive our economic and housing reports and newsletters for free.