2020 Census data has now been released and we wanted to highlight relevant data about the continued demographic growth in the Southeast. In this article, we will review several key statistics and how they relate to the Ballast Rock Real Estate strategies.
Texas, Florida, Georgia, North Carolina, Tennessee, and Louisiana all have below average, or near below average, homeownership rates, signaling a continuous need for affordable rental alternatives.
*Mississippi does not provide data regarding change in overall employment
Conclusion: As the census has shown, South and Southeastern Sunbelt states have had strong demographic growth over the past ten years. In general, these states sharply outpace the United States’ averages in population, business, and income growth, which are vital to creating a growing rental market and obtaining strong returns on rental properties. As the South and Southeastern Sunbelt states continue to be a stable geographic region with steady growth, Ballast Rock is poised to continue to harness this growth by acquiring, in-house-managing, and selling real estate while providing our investors with diversified, consistent passive income on a tax shielded basis, with a positive social impact. Sources:
Bureau, U.S. Census. "U.S. Adult Population Grew Faster Than Nation's Total Population From 2010 to 2020." The United States Census Bureau. September 08, 2021. Accessed October 01, 2021. https://www.census.gov/library/stories/2021/08/united-states-adult-population-grew-faster-than-nations-total-population-from-2010-to-2020.html. Bureau, U.S. Census. "ALABAMA: 2020 Census." The United States Census Bureau. August 24, 2021. Accessed October 01, 2021. https://www.census.gov/library/stories/state-by-state/alabama-population-change-between-census-decade.html. Bureau, U.S. Census. "U.S. Housing Vacancy Rate Declined in Past Decade." The United States Census Bureau. September 08, 2021. Accessed October 01, 2021. https://www.census.gov/library/stories/2021/08/united-states-housing-vacancy-rate-declined-in-past-decade.html#:~:text=The decennial census collects information,was in 2000 (9.0%). Bureau, US Census. "2020 Census: Percent Change in Resident Population: 2010 to 2020." The United States Census Bureau. April 30, 2021. Accessed October 01, 2021. https://www.census.gov/library/visualizations/2021/dec/2020-percent-change-map.html. Bureau, US Census. "Annual Business Applications by State and County." The United States Census Bureau. June 30, 2021. Accessed October 01, 2021. https://www.census.gov/library/visualizations/interactive/bfs-annual-state-county.html. Census Business Builder: Small Business Edition - 3.4. Accessed October 01, 2021. https://cbb.census.gov/sbe/#view=map&industries=45111&clusterName=Sporting Goods Stores&geoType=state&dataVariable=64&dashboardVars=15-1-17-33¢erX=-10679160¢erY=4135304&level=5&dataVariable1=65&geoId=12&dynHeader=My Region. Explore Census Data. Accessed October 01, 2021. https://data.census.gov/cedsci/table?t=Populations and People&g=0400000US01,12,13,22,28,37,45,47,48&tid=DECENNIALPL2020.P1. Explore Census Data. Accessed October 01, 2021. https://data.census.gov/cedsci/table?q=house price&t=Housing&g=0400000US01,12,13,22,28,37,45,47,48&y=2019&tid=ACSDT1Y2019.B25077. Explore Census Data. Accessed October 01, 2021. https://data.census.gov/cedsci/table?q=median income&t=Earnings (Individuals)&g=0400000US01,12,13,22,28,37,45,47,48&y=2015&tid=ACSST1Y2015.S1901. Explore Census Data. Accessed October 01, 2021. https://data.census.gov/cedsci/table?q=median income&g=0100000US_0400000US01,12,13,22,28,37,45,47,48&tid=ACSST1Y2019.S1901. "QuickFacts United States." United States Census Bureau. Accessed October 1, 2021. https://www.census.gov/quickfacts/fact/table/US/HSG860219. Staff, US Inflation Calculator. "Inflation Calculator: Find US Dollar's Value from 1913-2021." US Inflation Calculator |. September 14, 2021. Accessed October 01, 2021. https://www.usinflationcalculator.com/. "The Startup Surge? Unpacking 2020 Trends in Business Formation." Economic Innovation Group. July 15, 2021. Accessed October 01, 2021. https://eig.org/news/the-startup-surge-business-formation-trends-in-2020. "US Data." PRB. Accessed October 01, 2021. https://www.prb.org/usdata/indicator/migration/snapshot/.
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Authors:
|