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Texas Cities Tops Chart Adding More Than 60 People a Day
Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau.
“San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people – an average of 66 people per day between 2016 and 2017,” said Amel Toukabri, a demographer in the Population Division of the Census Bureau. “That’s a growth rate of 1.6 percent. This growth was enough to push San Antonio’s population above the 1.5 million mark.”
Regarding percentage change in population, 10 of the 15 fastest-growing large cities were located in the South, with seven in Texas. Between 2016 and 2017, Frisco, Texas (near Dallas), was the fastest-growing large city (population of 50,000 or more) at 8.2 percent, making its growth rate more than 11 times faster than the nation’s growth rate of 0.7 percent. See below for some of the other fastest-growing large cities.
Houston city population growth
Based on U.S. Census Bureau population estimates
For the full story check out Census Bureau Reveals Fastest-Growing Large Cities]]>
Millennials Living with Mom on the Rise but Not in Austin, Texas
Austin, Texas has the smallest share of millennials living at home with their mom, at 14 percent. Renters in Austin can expect to put less than 30 percent of their income toward a rental payment. Other markets with a small percentage of millennials living with Mom include Seattle, Denver and Oklahoma City.
More millennials age 24-36 live with their moms than at any time in the past decade. Nearly a quarter of U.S. millennials are living at home with their mom, which translates to about 12 million young adults nationwide.
The combination of rapidly rising rents and slow income growth over the past half-decade drove many young adults to either move back in or never move out of their parents’ home.
Living with parents may allow young adults to pursue work or a passion that may not be especially lucrative, or save enough money for first and last month’s rent or a down payment on a home of their own.
Another reason might be that millennials are wanting to enjoy life more and spend their money on travels and entertainment. They see how hard their parents worked and want to make sure they get the most out of life while they are young and can enjoy it.
The median rent in the U.S. is $1,447 per month, up almost 3 percent over the past year.
Click here to read the entire release.
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Apartments Over look Minute Maid Park
The Catalyst’s outdoor spaces have a pool, outdoor kitchen, cabanas, yoga lawn and views of Minute Maid Park.[/caption] By Fauzeya Rahman Houston Business Journal here.]]>
Reporter, Houston Business Journal A new high-rise downtown apartment building boasting close-up views of Minute Maid Park has officially opened, just in time for the start of the regular baseball season. Catalyst, a 359-unit, 28-story high-rise, marks its debut April 5 and is less than 30 percent occupied, according to leasing manager Brandy Vogel. The apartment complex sits on a city block bounded by Texas Avenue, Austin street, Prairie Street and La Branch Street. It’s the second Catalyst apartment project for Illinois-based multifamily developer Marquette Cos., the first is in Chicago. The apartment complex sits on a city block bounded by Texas Avenue, Austin street, Prairie Street and La Branch Street. It’s the second Catalyst apartment project for Illinois-based multifamily developer Marquette Cos., the first is in Chicago. Marquette received a Downtown Living Initiative grant equal to about $5.4 million from the city. The program gave $15,000 per unit in tax rebates to downtown developers. In 2017, 1,448 residential units were built, according to the Houston Downtown Management District. Catalyst features more than two dozen floor plans, ranging in size from a little above 600 square feet to close to 2,000 square feet. Rents start around $1,600 per month, with some floor plans receiving two or three months free rent, Vogel said. To see the full article goKirby Collection Video Intro by MK
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