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St George Ranked 11th MSA in the Nation

by jcarter
April 13, 2012 – 9:39 pm

• Growth estimated by the Census Bureau for the St. George MSA between 2010 and 2011 at 2.6 percent; placing us at the 11th fastest growing MSA in the nation.

“According to 2011 population estimates released Thursday by the U.S. Census Bureau, the St. George metropolitan area grew by 2.6 percent between 2010 and 2011 and is ranked 11th in the bureau’s list of the fastest-growing metropolitan areas in the nation. While St. George is no longer ranked second – like it was from 2000 to 2010 – its drop in ranking was considerably less than other areas.” – Brian Ahern – The Spectrum

“Our nation is constantly changing, and these estimates provide us with our first measure of how much substrate areas have grown or declined in total popu-lation since Census Day, April 1, 2010,” Census Bureau Director Robert Groves said in a press re¬lease that cited St. George as hav¬ing a smaller decline than other areas. “We’re already seeing different patterns of population growth than we saw in the last decade.”

• Local job growth at 4% as measured by WFS for December 2011

Lecia Langston, regional economist for the Utah Department of Workforce Services, said St. George’s population growth was likely a sign of its overall economic growth. She added the preliminary yearover- year job growth rate of 4 percent in December 2011 for Washington County appeared to reflect that as well.

“We haven’t been there for three years,” Langston said of the job growth rate. “This is really good news. It does reflect a stronger economy.”

• The National Association of Home Builders adds St. George to their First American Improving Markets Index based on housing permit numbers, employment and housing prices.
“After five consecutive months of gains, the IMI recently began to plateau, with many markets holding steady and a few experiencing the ups and downs that are typical in a choppy recovery,” NAHB Chief Economist David Crowe said in a statement. “The IMI is designed to highlight markets that are showing consistent improvement, and those markets that have registered the smallest gains are more susceptible to dropping off the list due to a minor setback in prices, permits or employment.”

Excerpts from:
Drawing growth
St. George still ranked as one of the fastest-growing places in the country
By Brian Ahern www.thespectrum.com
Copyright © 2012 The Spectrum. updated March 2007. 04/06/2012
Used with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.

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