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Houston will add most new U.S. households over 5 years

Posted on December 14, 2012 in

By Olivia Pulsinelli

Houston is expected to add the most households of any U.S. metropolitan area over the next five years, a new analysis shows.
Pitney Bowes Software’s inaugural Metro Magnets Index projects the Houston-Sugar Land-Baytown area will add 141,000 new households between 2012 and 2017, the subsidiary of Connecticut-based Pitney Bowes Inc. (NYSE: PBI) said in a statement released Tuesday.
Atlanta and Washington, D.C., take the next two spots, with 106,000 and 84,000 projected new households, respectively. Dallas ranked No. 4, with 80,251 projected new households; San Antonio ranked No. 8, with 64,545 projected new households; Austin ranked No. 9, with 55,017 projected new households; and Fort Worth-Arlington ranked No. 10, with 48,363 projected new households.
Of the 384 U.S. metropolitan areas in the analysis, 98 percent are expected to add households, while only eight are expected to see a decline in households during the five-year period.
When ranked by projected percentage growth, Houston takes the No. 7 spot with 6.7 percent projected growth. The Austin area and the Provo-Orem, Utah, area tie for the top spot, with 7.4 percent projected growth. The other Texas markets that made the top 20 — Killeen-Temple-Fort Hood, San Antonio, McAllen-Edinburg-Mission and Fort Worth-Arlington — all have projected household growth of more than 6 percent.
Pitney Bowes Software uses U.S. Census Bureau data and develops trending models based on historical MicroBuild household estimates from The Gadberry Group, a PBS data partner based in Little Rock, Ark.