Want to understand U.S. real estate trends" Look to Florida - Architecture Blogs

Want to understand U.S. real estate trends" Look to Florida



Sprawl, supercommuters, and seniors fuel growth Last week, the U.S. Census Bureau released its 2018 local population estimates, temporary snapshots ahead of the formal census in 2020, and the cities posting the fastest growth rates came as no surprise: oil towns in Texas, cities and suburbs in tech-forward Utah, and Boise, Idaho, where an influx of cost-crunched Californians has strained the city?s affordability, all ranked high.
But among the list of 10 fastest-growing metros, two central Florida cities? citations underscored that this booming part of the country has become a snapshot of U.S. demographic and development trends. The first, Lakeland-Winter Haven, a more remote, exurban, and rural area of former citrus groves between Tampa and Orlando, represents a geographic shift. Despite urban growth, especially in mid-tier cities, suburban and even exurban growth has bounced back since the Great Recession. As the Brookings Institution noted, the south and western sections of the U.S. have ballooned with Snow Belt-to-Sun Belt population shifts, reflecting more suburbanization and expansion into rural areas. Lakeland-Winter Haven, a metro area that overlaps with the boundaries of Polk County, benefits from being an exceptionally affordable waystation in a growing megaregion, and the area saw its population grow 3.2 percent last year.
?It is only a matter of time before the area between Tampa and Orlando becomes, in essence, a conurbation.?
?It is only a matter of ...
Source: curbed
URL: http://www.curbed.com/

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