Texas leads the nation in population growth, according to new data from the U.S. Census Bureau. What does the population boom mean for the state's resources and infrastructure? | via texasstandard
from the U.S. Census Bureau. The Lone Star State is now home to 30 million people, adding roughly half a million new residents since the summer of 2021. About half of that growth came from domestic migration from other states in the U.S.
Pia, when you factor in those housing costs, is the magnet of jobs going to continue to be a major factor in driving migration to Texas? Or could we start to see a boomerang effect? What Jake is saying is very true, in the sense that we’re not as sort of affordable as we used to be. In fact, by some measures, we’re less affordable now than the national average, because of the run up in housing costs, especially in Dallas and Austin.
Pia, I want to move into this transportation issue. It seems like that always takes a backseat to other considerations when folks are coming to Texas. Could this end up strangling a lot of the growth that we’ve been seeing here in Texas? We’ve already seen some examples of it strangling some growth and forcing up the cost of living even higher than they would otherwise be. I think the Austin area is an example of that.
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