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 | Mar 24, 2017
These are the most and least innovative states for 2017
Connecticut, Virginia, and Maryland are all in the top 10 most innovative states, but none of them were able to claim the number one spot.
Market Data | Mar 22, 2017
After a strong year, construction industry anxious about Washington’s proposed policy shifts
Impacts on labor and materials costs at issue, according to latest JLL report.
Market Data | Mar 22, 2017
Architecture Billings Index rebounds into positive territory
Business conditions projected to solidify moving into the spring and summer.
Market Data | Mar 15, 2017
ABC's Construction Backlog Indicator fell to end 2016
Contractors in each segment surveyed all saw lower backlog during the fourth quarter, with firms in the heavy industrial segment experiencing the largest drop.
Market Data | Feb 28, 2017
Leopardo’s 2017 Construction Economics Report shows year-over-year construction spending increase of 4.2%
The pace of growth was slower than in 2015, however.
Market Data | Feb 23, 2017
Entering 2017, architecture billings slip modestly
Despite minor slowdown in overall billings, commercial/ industrial and institutional sectors post strongest gains in over 12 months.
Market Data | Feb 16, 2017
How does your hospital stack up? Grumman/Butkus Associates 2016 Hospital Benchmarking Survey
Report examines electricity, fossil fuel, water/sewer, and carbon footprint.
Market Data | Feb 1, 2017
Nonresidential spending falters slightly to end 2016
Nonresidential spending decreased from $713.1 billion in November to $708.2 billion in December.
Market Data | Jan 31, 2017
AIA foresees nonres building spending increasing, but at a slower pace than in 2016
Expects another double-digit growth year for office construction, but a more modest uptick for health-related building.
High-rise Construction | Jan 23, 2017
Growth spurt: A record-breaking 128 buildings of 200 meters or taller were completed in 2016
This marks the third consecutive record-breaking year for building completions over 200 meters.
