In today’s Daily Data Discussion let’s take a look at population growth in the later half of the current decade, specifically from 2005 to 2010. 

One of the features of both emerging and recovering real estate markets is very often growth in population.  Emerging markets are often characterized by a surge in population growth after a period of quiescence, and the economic vitality necessary  for a depressed market to recover very often features strong, steady growth in population as jobs are created / added. 

We track a ratio here at Redfish we’ve simply named the Population Growth Ratio which compares the population growth during the first half of the decade with the second half, and discuss this ratio’s derivation, scoring, and usefulness in detail in the May issue of the Multifamily Emerging Market Report.  

Population growth in the second half of the decade is of course part actual count and part projection.  We’ve developed a formula that takes into account the documented growth rate from 2005-2007 as well as projections articulated by regional authorities affiliated with a community.  There’s obviously some educated guess work and projection at play as we look at population growth issues for upcoming years. 

Here are the top 5 2005-2010 population growth cities in our database as of today –

1. St. George, UT (34.8%)
2. Bend, OR (27%)
3. Cape Coral – Fort Myers, FL (27%)
4. Bozeman, MT (25%)
5. Myrtle Beach, SC (23.5%)

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