Kurt Brouwer December 27th, 2007
Interesting report on the continuing trend for southern and western states to see population growth. Though the movement has slowed a bit, the trend continues. My home state of Michigan is one of two states that is losing population:
States’ Population Growth Amid Housing Slump (Wall Street Journal — Real Time Economics Blog, December 27, 2007, Conor Dougherty)
‘Population growth in several of the fastest-growing states is slowing—in Arizona, Florida and Nevada, in particular—in a trend both reflecting and fueling the housing-market malaise in those areas.
“This is our first chance to see what has been the migration impact of the housing-market slowdown, and it’s showing up in these highflying states,” says William Frey, a demographer at the Brookings Institution, a Washington think tank.
The Census Bureau’s annual estimate of state population changes covers the 12 months that ended July 1. It shows that people continue to flee the Midwest—especially Michigan, one of two states to lose people—and that the Mountain states in the West continue to post large population gains as people arrive from California and elsewhere.
Arizona, Florida and Nevada are still among the fastest-growing states in the country, by percentage. Nevada saw an increase of 2.9%, or 72,955 people, tallying births, deaths and migration from inside and outside the U.S. That was less than the previous year’s 3.5% increase and lower than the 3%-plus growth rate for the six previous years. Arizona saw its population increase 2.8% in the most recent period, compared with a 3.6% rise in the previous year. Florida, which has suffered heavily in the housing bust, saw the sharpest falloff in population growth. Florida grew 1.07%, slightly faster than the U.S. growth rate of 0.96%. Read the full article and see a chart of states’ growth, based on the new Census data.’
Essentially, people are voting with their feet. Question is, what is the basis for their vote? Warmer climates? Better job prospects? Lower tax and regulatory burden?
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