Week of January 15, 2007
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Fed Vice Chair Kohn Says Housing May Be Stabilizing
Housing to Continue to Drive Lumber Demand Down
California Buyers’ Market Expected to Fade as Year Progresses
Movers Leave Central Northeast in 2006; Head Southeast and West
‘Housing Bubble’ T-Shirts Are Being Sold for a Worthy Cause
Eye on the Economy: Home Sales May Be Firming Up

Census Calls Arizona Nation’s Fastest-Growing State

Looking at the one-year period of July 1, 2005 to July 1, 2006, Texas saw its population grow by 579,275, the biggest increase in the nation; followed by Florida, 321,697; California, 303,402; Georgia, 231,388; and Arizona, 312,211, according to estimates released by the U.S. Census Bureau at the end of 2006.

Arizona was the nation’s fastest growing state, with a 3.6% surge in its population, nudging out Nevada, whose population grew by 3.5%, followed by Idaho, 2.6%; Georgia, 2.6%; and Texas 2.5%.

The South and West continued to monopolize the list of fastest-growing states, the Census Bureau said, with Utah, North Carolina, Colorado, Florida and South Carolina rounding out the top 10. Colorado and South Carolina replaced Delaware and Oregon on the list this year.

According to the estimates, California remained the most populous state as of July 1, with a population of 36.5 million. This was followed by Texas, 23.5 million; New York, 19.3 million; Florida, 18.1 million; and Illinois, 12.8 million.

Other highlights of the Census report:

  • North Carolina replaced New Jersey as the 10th most populous state.

  • The Northeast grew by only 62,000 people. In contrast, the South grew by 1.5 million and the West by 1 million. The Midwest added 281,000 people.

  • The West was the fastest-growing region, with a 1.5% climb in its population, followed by the South, 1.4%; the Midwest, 0.4%; and the Northeast 0.1%.

  • The South now accounts for 36% of the nation’s total population, followed by the West, 23%; the Midwest, 22%; and the Northeast, 18%.



Want to Know the Long-Term Forecast Through 2015?

Find out in HousingEconomics.com’s Long-Term Forecast.

HousingEconomics.com includes downloadable Excel tables featuring the housing starts forecast, GDP, demographics and more.

To learn more, visit www.housingeconomics.com.



NAHB Kit Gives Builders Back-to-Basics Tips in Changing Market

With the current cooling of the nation’s housing market expected to persist into the middle of next year, NAHB has developed a comprehensive online toolkit geared to providing association members with information that will help them prosper in today’s changing business environment.

To access the “Back to Basics” toolkit, you must be an NAHB member and have a login to www.nahb.org. To create a login, go to www.nahb.org/login or click on the log-in button on the main menu bar.

For assistance, call the NAHB Member Service Center at 800-368-5242.

 

 
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