Phoenix

San Jose: Largest % Migration Loss Outside New Orleans

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This article expands on the 2000 to 2019 state net domestic migration data from last week, covering the 110 metropolitan areas with more than 500,000 residents (Note). The big surprise may be that the largest proportional outflow of net domestic migrants, outside Hurricane Katrina ravaged New Orleans was San Jose, the nation’s most affluent metropolitan area and perhaps the wealthiest in the world. In both cases, many more people left in the first 10 years than since 2010.  read more »

Dispersion in US Metros Increases Even Before COVID-19: New Census Estimates

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The latest US Census Bureau metropolitan area population estimates (for 2019) were largely lost in the coverage of the COVID-19 pandemic.  read more »

Of Niche Markets and Broad Markets: Commuting in the US

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The six transit legacy cities - mostly urban cores that grew largely before the advent of the automobile - increased their concentration of transit work trips to 57.9% of the national transit commuting, according to the 2018 American Community Survey. At the same time, working at home strengthened its position as the nation’s third leading mode of work access, with transit falling to fourth. The transit commuting market share dropped from 5.0% in 2017 to 4.9% in 2018.  read more »

Adding Space to Suburbia

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Space has value. Even the mere perception of space has value. As land becomes more scarce, space becomes more valuable, and has a direct impact on housing costs and a developer’s profit (or loss). Both developers and the New Urbanists who preach that dense cities are good places know this, even as they pressure town councils and planning commissions to authorize reduced lot sizes. Where they have succeeded, the resulting compressed lots sacrifice quality organic space — green space — to the point of oblivion.  read more »

Forget What the Pundits Tell You, Coastal Cities are Old News - it’s the Sunbelt that’s Booming

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Ever since the Great Recession ripped through the economies of the Sunbelt, America’s coastal pundit class has been giddily predicting its demise. Strangled by high-energy prices, cooked by global warming, rejected by a new generation of urban-centric millennials, this vast southern region was doomed to become, in the words of the Atlantic, where the “American dream” has gone to die. If the doomsayers are right, Americans must be the ultimate masochists. After a brief hiatus, people seem to, once again, be streaming towards the expanse of warm-weather states extending from the southeastern seaboard to Phoenix.  read more »

Major Metropolitan Commuting Trends: 2000-2010

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As we indicated in the last article, solo automobile commuting reached an all time record in the United States in 2010, increasing by 7.8 million commuters. At the same time, huge losses were sustained by carpooling, while the largest gain was in working at home, which includes telecommuting. Transit and bicycling also added commuters.  This continues many of the basic trends toward more personalized employment access that we have seen since 1960.  read more »

Biggest Boomer Towns

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The boomer generation, spawned (literally) in the aftermath of the Second World War, will continue to shape the American landscape well into the 21st Century. They may be getting older, but these folks are still maintaining their power. Those born in the first ten years of the boomer generation  — between 1945 and 1955 — number 36 million, and they will continue to influence communities and real estate markets across the country, especially as they contemplate life after kids and retirement.  read more »

The Next Boom Towns In The U.S.

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What cities are best positioned to grow and prosper in the coming decade?

To determine the next boom towns in the U.S., with the help of Mark Schill at the Praxis Strategy Group, we took the 52 largest metro areas in the country (those with populations exceeding 1 million) and ranked them based on various data indicating past, present and future vitality.  read more »

Rethinking Urban Dynamics: Lessons from the Census

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Much has been made of the vaunted “back to the city” movement by “the young and restless,” young professionals, the creative class, empty nesters and others were voting with their feet in favor of cities over suburbs.  Although there were bright spots, the Census 2010 results show that the trend was very overblown, affecting mostly downtown and near downtown areas, while outlying ones bled population.  One culprit for this discrepancy seems to be that the intra-census estimates supplied by the Census Bureau were inflated – in some cases very inflated.  read more »

Regional Exchange Rates: The Cost of Living in US Metropolitan Areas

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International travelers and expatriates have long known that currency exchange rates are not reliable indicators of purchasing power. For example, a traveler to France or Germany will notice that the dollar equivalent in Euros cannot buy as much as at home. Conversely, the traveler to China will note that the dollar equivalent in Yuan will buy more.  read more »