Texas and its strong business engine seems to be successfully wooing growing numbers of the population to its larger cities such as San Antonio, Dallas and Fort Worth.
According to a recent U.S. Census Bureau report revealing the nation’s fastest-growing large cities between 2016 and 2017, San Antonio had the largest population gain in the country during this period with an increase of more than 24,200 people, an average of 66 people per day, pushing its population to over 1.5 million.
Also among the top 15 cities experiencing a change in population for the better, were seven Texas cities. Frisco, for instance, was the fastest growing large city (of 50,000 or more population) at 8.2 percent, 11 times faster than that of the nation’s overall growth rate of 0.7 percent.
Frisco-based brokerage owner JP Piccinini, of JP & Associates Realty (JPAR) told Inman the growth was due to the strong Texas business climate: “A testament to that is while some markets cool off, the housing markets in these Texas cities continue to be juggernauts of the industry and defy the market.”
New construction in Texas was providing the much-needed inventory to support demand, he added.
Other cities experiencing population gains, according to the U.S. Census Bureau, were Phoenix, Arizona, with 24,000 population growth in 2017, Dallas, Texas, with 18,900, Fort Worth, Texas, with 18,700, Los Angeles with 18,600 and Seattle, Washington, with 17,500.
Forth Worth, Texas, meanwhile surpassed Indianapolis to become the 15th most populous U.S. city with a population of 874,168.