Economics & Demographics • Section 2 Millennial population growth in 2012-2013 in big, dense cities was outpaced
by big-city suburbs and lower-density cities. At the metro level, Colorado Springs, San Antonio, and Peabody (in the Boston area) experienced the fastest growth in the millennial population. Nine of the 10 metros with the fastest mil- lennial population growth were in the South and West. Boomer population growth during 2012-2013 was also highest in big-city
suburbs and lower-density cities, but only slightly ahead of the growth in big, dense cities. Overall, boomer population growth skewed more urban than mil- lennial growth did. These new Census data show, therefore, that millennials are not driving urban growth while boomers are urbanizing to some extent. All of the metros with the fastest growing boomer population were in the South and West, with Texas and the Carolinas dominating the list.
Hispanic Population Growth After decades of heavy immigration from Latin America, the Hispanic popula- tion in America has grown to the point where U.S. births are now the main driver of its growth. Throughout the 1980s and 1990s, immigration was the main source of
growth of the Hispanic population. But according to a report from the Pew Re- search Center, the size of the Hispanic population in the U.S., now at 53 million, is large enough that U.S. births of Hispanic children will continue outpacing immigration flows.
As the Sun Belt and areas of the Western U.S. experience high migration rates and increasing diversity,
it behooves self-storage owners—both east and west of the Mississippi—to ensure their facilities are prepared for the changing face of America.
With 800,000 U.S.-born Hispanics turning 18 each year, researchers say the
population will continue increasing its share of the American population and its influence on American institutions. The report also found that Hispanics continue to be the fastest growing group in the country. Hispanics increased from 12.5 percent of the population in 2000 to 16.9 percent in 2012.
Top Growth States The U-Haul National Migration Trend Report for 2013, reflecting the nation’s top growth states for families that moved during the year, shows that Florida had the highest percentage of growth for states with more than 20,000 fami- lies moving. Florida recorded 4.85 percent more families moving into the state than out. Texas and Washington also showed substantial growth increases. For states with 5,000 to 20,000 families moving, Vermont had the highest
percentage for the second year in a row, with a growth rate of 8.12 percent in 2013. Maine and Delaware took second and third place respectively. Growth was determined by calculating the percentage of inbound moves vs. outbound moves for each state. The U-Haul report indicates that for cities with more than 5,000 families
moving, Dallas took the number 1 spot with the highest percentage of growth, at 9.96 percent. Henderson, Nev., took the number 2 spot with a 9.58 percent- age of growth, and Pittsburgh was third with 6.92 percent. In terms of destination cities, U-Haul reported that Houston took the num- ber 1 spot again in 2013—the fifth year in a row. For the fourth year in a row,
Table 2.7 – Top 10 U.S. Growth Cities With More Than 5,000 Families Moving (January - December 2013)
Rank State 1 Dallas
2 Henderson, Nev. 3 Pittsburgh 4 Austin, Texas 5
Jersey City, N.J. 6 Seattle
7 Louisville, Ky. 8 Denver
9 San Francisco 10 Victorville, Calif. 11
Columbus, Ohio
12 Washington, D.C. 13 Ontario, Calif. 14 Los Angeles 15 Indianapolis 16 Madison, Wis. 17 Reno, Nev.
18 Vancouver, Wash. 19 Spokane, Wash. 20 Sacramento, Calif. 21 Corpus Christi, Tex. 22 Portland, Ore. 23 Brooklyn, N.Y. 24 Nashville, Tenn. 25 Jacksonville, Fla.
Source: U-Haul International 2015 Self-Storage Almanac 45
Percentage Growth 9.96%
9.58% 6.92% 6.69% 5.87% 4.89% 3.74% 3.73% 3.53% 3.31% 3.19% 2.95% 2.79% 2.46% 2.42% 2.16% 1.95% 1.44% 0.94% 0.77% 0.61% 0.53% 0.40% 0.13% 0.06%
Orlando, Fla., took the number 2 spot while Las Vegas, Chicago, and San Antonio followed. As the Sun Belt and areas of the Western U.S.
experience high migration rates and increasing diversity, it behooves self-storage owners—both east and west of the Mississippi—to ensure their facilities are prepared for the changing face of America.
Table 2.6 – Top 10 U.S. Growth States With 5,000 - 20,000 Families Moving (January - December 2013)
Rank State
1 Vermont 2 Maine
3 Delaware 4 Alaska
5 New Mexico 6
7 Idaho
8 West Virginia 9 Mississippi 10 North Dakota
Source: U-Haul International District of Columbia
Percentage Growth 8.12%
6.66% 5.92% 4.44% 3.17% 2.78% 2.75% 2.49% 0.57% 0.36%
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