Texas cities among of most popular places to move to in the US
The real estate site CommercialCafe, analyzed net population gains through metro-to-metro migration to determine which cities have become the most popular destinations for people to move.
"More than 45 million Americans changed residences between 2017 and 2018, according to U.S. Census Bureau estimates. This means that more than 14% of the total U.S. population moved in the course of a single year. Migration has been a defining characteristic of Americans since the frontier expansion; nowadays, Americans move more often than most other people in the world", they said.
In this scenario, Texas has seen incredible growth over the past few years, with three cities in the top list. Houston grabs the third spot with an average net gain of 32,821 new residents.
"Among the three Texas metros on our list, Houston saw the largest population increase through metro-to-metro migration," according to the report. The most substantial source of Houston's growth comes from Texas' other large metro areas, with 16,306 of the new residents coming from Dallas-Fort Worth, followed by Austin with 9,304 and 7,443 of the new Houstonians flocking from San Antonio.
The region's surge in residents has been beneficial to the business districts, as well as the housing market. "This growth is visible in Space City's many business districts, which added almost 18 million square feet of office space between 2013 and 2017," said the report. "This amount surpasses that of any other metro in the top 10. The Houston housing market is also on the upswing. The number of housing units here increased by an average of 2.1%—or 52,841 units—each year".
The Dallas-Forth Worth metroplex made number four on the list with an average net gain of 30,639 new residents. "There are many reasons why people gravitate towards DFW. First, the effects of the oil boom are still felt here—the natural resources, construction, and maintenance sectors saw a 3.5% year-over-year growth in workers on average. Second, healthcare plays an important role in the local economy, with an average yearly growth rate of 5.6%. Major healthcare companies McKesson and CVS Health hail from the Dallas-Fort Worth metro".
Austin follows at number six with an average of 26,733. "Much of Austin’s growth is due to its status as a new tech city; Dell’s headquarters is situated here, and major tech companies—like Apple, Ebay, Amazon, Google, and IBM—operate in Austin. In fact, the number of people working in computer, engineering, and science jobs grew by as much as 7.6% year-over-year; the yearly growth rate of the total number of workers in Austin sits at 3.8%.".
Read the original article in HYPE website.