I45Tex wrote:Thing is, a growing population of people who aren't in the workforce (retirees, in the case of Florida and Arizona) is not sustainable growth. Phoenix and Miami's office markets are a fraction per capita of ours because more of the job growth is in services/tourism. Exodus from SoCal and Chicagoland, in Arizona's case, and from Chicago and NYC in Florida's, are Phoenix and Miami's best chance to get some primary industries and employers to start moving there for real. Unless there are even more people willing to buy out these retirees' homes at more than they're paying for them right now (and the demographics make that extremely unlikely -- Baby Boomers currently have more net worth than all other generations ahead of and behind them combined), the housing prices will drop just as the maintenance bills start coming due. And when you have a subdivision of 5,000 homes all built simultaneously, deferred maintenance on a depreciating neighborhood risks a bad outcome.
THRILLHO wrote:That data suggests that DFW again had the largest growth in number of people with 119,748 new folks. The previous year it was 117,380.
Phoenix grew by 106,008.
Houston grew by 91,078.
Chicago apparently shrunk by 47,644, so our gap with them is continuing to shrink.
I45Tex wrote:In the morning we can check for the Census' 7/2020 estimates of county and Metro Statistical Area populations. I haven't heard when the official 4/1/2020 counts of MSAs will be released. I believe tomorrow's figures are not based upon them but will be revised later once the counts are out.
Addison wrote:These estimates should be viewed with hefty skepticism, given the significant gap between the estimates for the states and official state numbers that were released last next.
https://www.google.com/amp/s/www.washin ... utType=amp
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