The question remains whether San Antonio can back up the population of young people moving to the city with desirable multi-family housing.
"For the first time in, well, forever, the rate of millennials moving to San Antonio has edged out the hip Texas metro [of Austin]," reports Katie Burke. "According to a Bloomberg report, San Antonio had nearly a 30 percent jump in its millennial population between 2000 and 2013. Austin came in just a bit lower, with a 28 percent rise."
Burke goes on to consider the next step for cities faced with strong growth in young populations—permitting of multi-family development. "In terms of millennial-spurred multifamily permit activity, Austin-Round Rock-San Marcos, Houston-Sugarland-Baytown and Dallas-Fort Worth-Arlington all made the list in order of percent changes in multifamily permits." Burke, along with a local real estate market expert, speculates that San Antonio should be ripe for multi-family development.
FULL STORY: San Antonio outpaces Austin, Houston in millennial gains
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