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Brace yourselves, North Texans. Following a decade of eye-popping population growth, Dallas-Fort Worth is expected in this decade to once again lead the nation's metro areas for the number of new residents. New data from commercial real estate services company Cushman & Wakefield shows DFW gained 1,349,378 residents from 2010 through 2019. In terms of the number of new residents tallied during the past decade, DFW ranked first among U.S. metro areas, the data indicates.
From 2020 through 2029, DFW is projected to tack on another 1,393,623 residents, Cushman & Wakefield says. For the second decade in a row, that would be the highest number of new residents for any metro area, the company says. By comparison, the Oklahoma City metro area was home to nearly 1.4 million people in 2018.
As of July 2018, the Census Bureau estimated 7,539,711 people lived in DFW. Under the Cushman & Wakefield scenario, DFW's population would swell to about 9 million by the time the calendar flips to 2030.
Today, DFW is the fourth largest metro area in the U.S., behind New York City, Los Angeles, and Chicago. The population of Chicago, the third largest metro area, barely budged from 2010 to 2018, according to the Census Bureau. Today, about 9.46 million people live in the Windy City and its suburbs. If the Chicago area's population growth remains relatively flat, DFW's headcount conceivably could surpass Chicago's in the not-too-distant future.
"The trend of corporate relocations to the Dallas-Fort Worth area isn't slowing down," Clay Vaughn, senior vice president of CBRE's tech and media practice in Dallas, said in a release. "The favorable business climate and available tech talent in Dallas has made it one of the top startup markets in the U.S., which further incentivizes companies to move to the area."
Frisco, Denton, McKinney, Carrollton and Allen were ranked among the best U.S. real estate markets by WalletHub.
Half of the country's 10 best real estate markets have something in common — they're all North Texas communities. That's what researchers who prepared the 2019 Best Real Estate Markets report for personal finance website WalletHub found when they did their annual survey. Frisco, Denton, McKinney, Carrollton and Allen were all in the top 10 ranking for the nation's hottest home markets. Denton came in at fifth place, and McKinney and Carrollton were number six and seven on the list. Allen was number nine.
Wallet Hub, September 9, 2019
Immigration was the primary driver of population growth for about 1 in 10 counties nationwide. In D-FW, Asians account for an increasing number of immigrants.The northern Dallas suburban school districts, which were just a few years ago over 85%-90% white, are gaining a significant influx of Asian children every year. It is one of the most significant demographic changes currently in America. Coppell ISD is now 53% Asian. In Frisco ISD, the Asians now account for 29% of the student body, and that percentage is rapidly increasing each year. Asians are the majority group in most schools now in Carrollton- Farmers Branch ISD and Plano ISD. Most Asians moving to Dallas-Ft Worth are coming from other states, with a significant portion coming from the West Coast. But a good amount of the Asian growth is immigrant, moving to Dallas from other countries.
American Airlines is beefing up its flight attendant base in North Texas as the carrier strives to reach its goal of 900 daily departures from Dallas Fort Worth International Airport. American Airlines Group, Inc. will add 700 flight attendants to each of its bases in North Texas and Los Angeles, and move 700 employees from the Phoenix area, a company spokesperson said. US Airways was based in the Phoenix area before merging with American in December 2015. Being "based" in a particular region means that's where flight attendants trips begin and end. There are already 5,700 flight attendants' based in DFW, so with the additions American will grow its flight attendant base at its largest hub by more than 12 percent.
Dallas-Fort Worth led the nation's metro areas in job growth in 2018, according to new data from the Bureau of Labor Statistics. The DFW region added 16,400 jobs over the course of the year. New York and Houston followed closely behind, with 115,500 and 108,300 new jobs. Cheryl Abbo, regional economist for BLS's Southwest office, said D-FW's showing is "somewhat unusual" on a national scale, especially considering the size difference between it and New York. D-FW has about 7.4 million people, compared with New York's 8.6 million. A handful of large companies moved workers and expanded operations in the region in 2018, including Charles Schwab, Liberty Mutual, Cognizantand NTT Data. Two Fortune 500 companies — McKesson and Core-Mark— announced plans to move corporate headquarters from California to North Texas this year. The Federal Reserve Bank of Dallas recently forecast a slowing in this year's employment gains, with the region expected to add 113,671 jobs.
