DFW and other Texas cities led the US in population growth in 2018
Recently, the US Census reported that DFW led the US in population growth from 2017 to 2018, with 132,000 new residents.
May 01, 2019
- Recently, the US Census reported that DFW led the US in population growth from 2017 to 2018, with 132,000 new residents. That brings DFW’s current population to 7.5 million.
- This represents a continuation of a decades-long trend of dramatic national population shifts. In 1950, 41% of the US resided in Northeast and Midwest industrial strongholds. Today, that share has declined to 27% – with the Western and Southern US gaining appreciably in dominance.
- Especially significant is that the South has moved from 10% to 21% due to strong pro-business climate.
- Texas has been a driver due to its low cost of doing business and pro-growth stance, increasing its share from 5.1% to 8.8%. What is even more significant is Texas’ accelerating share of growth compared to California since 1990.
- The major Texas markets have all contributed to this success, although DFW stands out with a current population base almost equal to that of the entire state of Texas in 1950.
Source: U.S. Census and 2018 estimates; JLL Research
You may also like
Shifts in the way people live, work and shop in a post pandemic world have forever impacted the industrial real estate sector
Chestnut and Walnut Street retail visits drop precipitously in Philadelphia during COVID-19 pandemic
Pressure from distressed New York retailers has softened landlord sentiment, allowing for lease restructurings