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   Key Metropolitan Areas Growing, but More Slowly

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3/27/2008 9:55 pm

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New York Times

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News

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Entered 3/26/2008, Updated 3/26/2008

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By SAM ROBERTS Published: March 27, 2008 Fewer people flocked to the nation’s fastest-growing metropolitan regions last year compared with the year before, the Census Bureau is reporting on Thursday. As a result, older areas, particularly in the Northeast and Midwest, stanched their losses. Some even recorded small rebounds. The Dallas-Fort Worth region registered the biggest gain, 162,250, in the year ending July 1, 2007, followed by Atlanta, Phoenix and Houston. Those three also grew more than 100,000 each. Yet those metropolitan regions grew more slowly than they had the year before. In that year, Houston was followed by Dallas, Atlanta and Phoenix. Since 2000, metropolitan Atlanta ranked first in growth, adding more than one million people, a 24 percent increase. Dallas was second, with nearly a million more, a 19 percent increase. “Last year, job growth in Texas was triple that of the nation, so it wouldn’t be surprising to find that people are choosing to move here, because there are jobs,” said Fiona Sigalla, an economist with the Federal Reserve Bank of Dallas. In addition, house prices there have been stable compared with other areas, Ms. Sigalla said, adding, “We have lots of available land and fewer regulations, so we have a homebuilding boom sufficient to keep home prices at bay.”


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