CROWD CONTROL: TEXAS STILL GROWING
COLLEGE STATION (Real Estate Center) – Texas is again a top destination for many people.
According to the results of U-Haul International Inc.’s latest National Migration Trend report, more families moved to Houston in 2012 than any other U.S. city. This marks the fourth year in a row that Houston has claimed that honor.
Other Texas cities landing among the top 50 were San Antonio (5), Austin (6), Dallas (17), Plano (25) and Fort Worth (26).
The rankings reflect more than 1.6 million one-way U-Haul truck transactions in 2012. A corporate release states that the findings are not reflective of overall growth.
However, the company also calculated the percentage of inbound moves versus outbound moves for each city to get an idea of which cities had the most overall growth. Austin ranked third with a 7.3 percent growth rate. Dallas was 14th at 3.16 percent, Corpus Christi 18th at 1.79 percent, Houston 20th at 1.43 percent and Plano 25th at 1.03 percent.
To learn more about Texas growth and the challenges that come with it, tune into this week’s Real Estate Red Zone podcast. Real Estate Center Research Economists Dr. Jim Gaines and Dr. Harold Hunt discuss their latest Tierra Grande article, “Crowd Control: Planning for Texas Population Growth.”