Texas has always been a bastion of family values and community spirit, but it wasn’t until recently, in a study by Pitney Bowes Inc, that it was made official. In their recent study on projected household growth, a number of Texas cities made it onto the top 20, with Austin and Provo, Utah tied for the top spot.
In the study, which took an in-depth look at the projected growth of the number of new households in American cities over the next five years, quite a few familiar names showed up near the top of the list. Austin led the way with an expected 7.4 percent growth in the coming years, followed closely by Houston with a 6.7 percent expected expansion in household growth. Killeen-Temple-Fort Hood, San Antonio, McAllen-Edinburg-Mission, and Fort Worth-Arlington have projected household growth over 6 percent, far above than the national average.
Of course, Dallas also made the list. Ranked at number four in projected new households, Dallas is expected to see at least 80,250 new home owners and households in the next five years.
This news comes as a welcome surprise to prospective home sellers across the country. In fact, 98% of US cities are expected to see sizable growth within the next few years. Of the 384 areas analyzed in Pitney Bowes’ study, only eight are expected to experience a decrease in the number of households between 2012 and 2017.
Household growth is a vital indicator for the economic outlook for a particular area. Data such as this helps real estate as well as other sectors of the economy pick new locations to develop their business, meaning more jobs and economic prospects for everyone.
If you’d like to join the already large number of families looking to purchase a Stephenville home in the New Year, give us a call. There are plenty of Erath County homes for sale to chose from, and we’ll help you find the one that suits your family best.