Cities with rising populations have stronger economies with more open jobs, more new home construction, and greater consumer spending, according to a forecast by Oxford Economics.
CNBC notes that most of the fastest-growing cities are in the Southeast and Southwest, including Austin, Texas, and Charlotte, N.C.
With the unemployment rate at the lowest level in a decade, it's a great time to look for a job. But you'll have much better luck in cities that are seeing the fastest growth. … Job hunters in Scranton, Pennsylvania, will have a much tougher search than those in Denver or Nashville, Tennessee.
Advertisement
Related Stories
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
Economics
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic