Texas continues to dominate major metropolitan area growth. Among the 53 major metropolitan areas (with more than 1 million population), Texas cities occupied three of five top positions in population growth, and four of the top 10 (Figure 1).
Author: Wendell Cox
Important attention has been drawn to the shameful condition of middle income housing affordability in California. The state that had earlier earned its own “California Dream” label now limits the dream of homeownership principally to people either fortunate enough to have purchased their homes years ago and to the more affluent. Many middle income residents may have to face the choice of renting permanently or moving away.
The world is rapidly becoming urban. More than half the world’s 7-plus billion people live in urban areas (urban cores, suburbs and small towns). Nearly a quarter of the population lives in “cities” of a million or more. Eight percent reside in megacities — urban areas of at least 10 million. And that percentage rises with each new megacity
The headline line in the Sunday St. Louis Post-Dispatch asked “Are St. Louis Area’s Home Prices too Low?” This is could not possibly have appeared describing any major metropolitan area of Australia, New Zealand, or the United Kingdom. Nor will newspapers in Vancouver, Toronto, Calgary, Portland, Seattle, Boston, New York or in any of the overpriced markets of California decry low prices any time soon.
The United States and Europe continue to dominate the list of strongest metropolitan areas (city) economies in the world, according to the Brookings Institution’s recently released Global Metro Monitor 2014. This is measured by gross domestic product per capita, adjusted for purchasing power parity (GDP-PPP). Brookings points out that this does not indicate personal income, but “proxies the average standard of living in an area.”
According to the just released 11th edition of Demographia World Urban Areas (Built-Up Urban Areas or World Agglomerations), there are now 34 urban areas in the world with more than 10 million residents, the minimum qualification for megacity status. Tokyo-Yokohama continues its 60 year leads the world’s largest urban area. Before Tokyo-Yokohama, New York had been the world’s largest urban area for 30 years. London’s run, preceding that of New York, was much longer, at more than 100 years. Beijing, which was the first of today’s megacities to reach 1,000,000 population, held the title for 75 years before London, according to census and urban historian Tertius Chandler.
The just released 11th Annual Demographia International Housing Affordability Survey shows the least affordable major housing markets to be internationally to be Hong Kong, Vancouver, Sydney, along with San Francisco and San Jose in the United States.
The urban cores of the nation’s 52 major metropolitan areas (over 1 million population) lost nearly one-fifth of their school age population between 2000 and 2010. This is according an analysis of small area age group data for children aged 5 to 14 from Census Bureau data, using the City Sector Model.
Tianjin is located on Bohai Gulf, approximately 75 miles (120 kilometers) from Beijing. It was the imperial port of China, by virtue of that proximity. Tianjin also served as one of the most important “treaty ports” occupied and/or controlled by western nations and Japan for various years before 1950.
Growth in the current land areas of the 52 major metropolitan areas (over 1 million) provides an effective overview of changes in how the population has been redistributed United States since 1900.
A few years ago, the satirical publication, The Onion ran an article under the headline “98 Percent of US Commuters Favor Public Transit for Others.” The spoof cited a mythical press release by the American Public Transit Association (APTA), in which Lance Holland of Anaheim, California said “Expanding mass transit isn’t just a good idea, it’s a necessity,” Holland said. “My drive to work is unbelievable. I spend more than two hours stuck in 12 lanes of traffic. It’s about time somebody did something to get some of these other cars off the road.”
Finally, there is credible housing affordability data from China. For years, analysts have produced “back of the envelope” anecdotal calculations that have been often as inconsistent as they have been wrong. The Economist has compiled an index of housing affordability in 40 cities, which uses an “average multiple” (average house price divided by average household income) (China Index of Housing Affordability). This is in contrast to the “median multiple,” which is the median house price divided by the median household income (used in the Demographia International Housing Affordability Survey and other affordability indexes). The Demographia Survey rates affordability in 9 geographies, including Hong Kong (a special administrative region of China). The average multiple for a metropolitan market is generally similar to the median multiple.
America is getting older, as medical science prolongs life expectancy and the fertility rate hovers at or even below the replacement rate. One metric for gauging the nation’s aging is the median age – the age at which one half the population is younger and the other half is older. In 2000, the median age in the United States was 35.3. By 2013, the median age had increased to 37.5.
Americans continue to favor large houses on large lots. The vast majority of new occupied housing in the major metropolitan areas of the United States was detached between 2000 and 2010 and was located in geographical sectors associated with larger lot sizes. Moreover, houses became bigger, as the median number of rooms increased (both detached and multi-family), and the median new detached house size increased.
Efforts are underway by the Taiwan government for a government led restructuring to avoid bankruptcy (Plan to stop Taiwan’s high-speed rail going bust set for review). Since opening in 2007, this privately financed and operated system has been plagued with ridership well below projections. The Taiwan experience is consistent with the research showing that ridership on high-speed rail lines has been frequently over-projected.
The continuing improvement in international traffic congestion data makes comparisons between different cities globally far easier. Annual reports (2013) by Tom Tom have been expanded to include China, adding the world’s second largest economy to previously produced array of reports on the Americas, Europe, South Africa and Australia/New Zealand. A total of 160 cities are now rated in these Tom Tom Traffic Index Reports. This provides an opportunity to provide world 10 most congested and 10 least congested cities lists among the rated cities.
Senior citizens (age 65 and over) are dispersing throughout major metropolitan areas, and specifically away from the urban cores. This is the opposite of the trend suggested by some planners and media sources who claim than seniors are moving to the urban cores.
The United States lost jobs between 2000 and 2010, the first loss between census years that has been recorded in the nation’s history. The decline was attributable to two economic shocks, the contraction following the 9/11 attacks and the Great Recession, the worst financial crisis since the Great Depression. Yet, even in this moribund job market, employment continued to disperse in the nation’s major metropolitan areas.