Western States Fare Best in Population Growth - Real Estate, Updates, News & Tips

Western States Fare Best in Population Growth

Which states are growing the fastest and adding new residents? Idaho and Nevada once again lead the states in population growth rates, according to the latest U.S. Census Bureau figures. Demographic changes can be key to projecting future housing needs, the National Association of Home Builders explained on its Eye On Housing blog post analyzing the census numbers.

Between July 1, 2017, to July 1, 2018, Nevada posted a population growth rate of 2.09 percent, while Idaho grew by 2.05 percent. The other three of the five fastest-growing states: Utah, Arizona, and Florida.

However, Texas had the largest increase in its population by number—adding 379,128 people between July 1, 2017, and July 1, 2018. Florida, California, Arizona, and North Carolina followed with the largest numerical increases to their populations. New York and Illinois posted the largest declines in population during that time period.

Overall, the U.S. population increased by 2 million between July 1, 2017, and July 1, 2018. The U.S. population now stands at 327.2 million.

The National Association of Home Builders’ Eye On Housing blog post included the following chart breaking down population growth across the country:

Population growth rates, 2017-2018. Visit source link at the end of the article for more information.

Source: “U.S. Population Growth Persists But Growth Rate Slows,” National Association of Home Builders’ Eye On Housing blog (Jan. 23, 2019)

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