populationTwo out of three of the metropolitan areas that had the largest population growth were in Texas, and three Texas metropolitan areas were in the top 10 nationally, new census figures revealed.

The Dallas-Fort Worth-Arlington MSA topped the nation when it came to numeric population growth, the most recent Census Bureau data revealed Thursday, with a gain of 131,767 in 2018, or 1.8 percent.

Census officials attribute the growth to migration — both domestic and international migration — as well as natural increase (having more births than deaths). In fact, natural increase impacted DFW growth the most, while domestic migration was the largest source in Phoenix.

“One interesting trend we are seeing this year is that metro areas not among the most populous are ranked in the top 10 for population growth,” Sandra Johnson, a demographer in the Census Bureau’s Population Division, said in a statement. “Though no new metro areas moved into the top 10 largest areas, Phoenix, Seattle, Austin, and Orlando all experienced numeric increases in population since 2010, rivaling growth in areas with much larger populations. This trend is consistent with the overall growth we are seeing in the south and the west.” (more…)

Photo courtesy of Flickr user Russ through a Creative Commons license

Photo courtesy of Flickr user Russ through a Creative Commons license

Cowtown has new braggin’ rights: the U.S. Census Bureau says they were the fastest-growing big city in the nation between 2000-2013. Fort Worth population saw a 42.34 percent increase in that time. Dallas lagged far behind, coming in at 24th.

The 2010 Census count for Fort Worth put the number of residents at 741,206. Compare this to a population of 534,694 just a decade earlier.

Fort Worth is the 17th-largest city in the country, and the fifth-largest city in the state of Texas. Jump to read more!  (more…)

Chicago's not so hot anymore. The huge mid-west MSA didn't even make the top 20 list of Forbes' fastest growing American cities! (Photo: John Gress/Reuters)

Chicago’s not so hot anymore. The huge mid-west MSA didn’t even make the top 20 list of Forbes’ fastest growing American cities! (Photo: John Gress/Reuters)

As Candy already mentioned, pre-owned inventory is scary low, which is driving prices up for Dallas properties. Sure, demand means a seller’s market, but what about all of the folks that are either being born or moving to Dallas? That’s putting our housing market in a tough spot! Several big corporations have moved to Dallas in recent years — Comerica Bank being one of the largest — which has made move-in ready pre-owned homes sell like hotcakes.

For the study, Forbes measured the top 100 Metropolitan Statistical Areas using six metrics:

Using data from Moody’s Analytics, we assessed the estimated rate of population growth for 2012 and 2013, the rate of job growth in 2012, and the rate of gross metro product growth, or economic growth, for 2012. We also factored in federal unemployment data and median salaries for local college-educated workers, courtesy of Payscale.com. The result is a list of the 20 fastest growing metro areas in America in terms of population and economy.

I find it interesting that the three largest Texas cities — Austin, Dallas, and Houston — topped the national list based on these criteria, with San Antonio coming in ninth. Texas cities grew by 470,000 people in 2012!

Houston ranked second, behind Austin, followed by Dallas in third place and San Antonio in ninth. Robust labor markets, unemployment rates under 6% (well below the national average), no state income tax, a business-friendly regulatory environment, and strong population inflows all contributed to Texas towns’ high rankings.

Sure, we ranked high in 2012, but this is a year in which the Texas Legislature convenes, and we’re facing funding shortages across the board. Let’s see if we’re still considered “business-friendly” after the session in Austin.

Still, I wonder if this growth is sustainable for the Dallas housing market. Will we see an uptick in rentals? What will happen if the residential lending environment sours?