Looks like another generation of Americans finds the suburban life appealing. Recently released Census Bureau estimates found that urban areas accounted for only 20% of the country’s population growth between July 2014 and July 2015. The mark is 1% lower than last year and 6.7% lower than in 2011.
According to Fortune, the older Millennials are now looking to buy their first houses, and suburban real estate is more affordable than urban properties.
Some of the trendier cities for younger adults, including New York City, Boston, and Austin, Texas, have experience slower growth. A few Rust Belt cities, including Chicago, Cleveland and Pittsburgh, lost more residents than they gained last year.
Some suburbs in the west and south experienced a significant population increase. Georgetown, Texas, a suburb of Austin, saw the biggest boom, rising 7.8% to 63,716. Other popular cities included Frisco (6.3 to 154,407), a city near Dallas; Dublin (5.5% to 57,721), which is just outside of the Bay Area; and Broomfield (5.2% to 65,065), located north of Denver.
Related Stories
Market Data | Dec 20, 2017
Architecture billings upturn shows broad strength
The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month.
Market Data | Dec 14, 2017
ABC chief economist predicts stable 2018 construction economy
There are risks to the 2018 outlook as a number of potential cost increases could come into play.
Market Data | Dec 13, 2017
Top world regions and markets in the global hotel construction pipeline
The top world region by project count is North America.
Market Data | Dec 11, 2017
Global hotel construction pipeline is growing
The Total Pipeline stands at 12,427 Projects/2,084,940 Rooms.
Market Data | Dec 11, 2017
Construction backlog surges, sets record in third quarter
CBI is a leading economic indicator that reflects the amount of construction work under contract, but not yet completed.
Market Data | Dec 7, 2017
Buoyed by healthy economy, ABC Index finds contractors upbeat
Despite rising construction labor and materials costs, 55% of contractors expect their profit margins to expand in the first half of 2018.
Market Data | Dec 5, 2017
Top health systems engaged in $21 billion of U.S. construction projects
Largest active projects are by Sutter Health, New York Presbyterian, and Scripps Health.
Industry Research | Nov 28, 2017
2018 outlook: Economists point to slowdown, AEC professionals say ‘no way’
Multifamily housing and senior living developments head the list of the hottest sectors heading into 2018, according a survey of 356 AEC professionals.
Market Data | Nov 27, 2017
Construction's contribution to U.S. economy highest in seven years
Thirty-seven states benefited from the rise in construction activity in their state, while 13 states experienced a reduction in activity.
Market Data | Nov 15, 2017
Architecture Billings bounce back
Business conditions remain uneven across regions.
