Amarillo Housing Starts Soar 42%, Builders Outpaced
Population Growth and Its Impact on Housing Demand In Amarillo, evolving demographic dynamics are reshaping housing market forces. The city is bracing for remarkable population expansion. This growth is projected at an annual rate of 0.5%. It is considerably influenced by demographic shifts, particularly a burgeoning youth demographic. With approximately 26.33% of the population under 18 years, this sector exerts a profound influence on household formation. As the median age settles at 35 years, a young workforce increasingly drives housing demand trends. Current estimates place Amarillo as the 16th largest city in Texas by population, further highlighting its significant role in state demographics. Such rapid growth can have effects similar to a short sale credit impact , where outcomes are influenced by past actions and need time to normalize. Such youth influence is pivotal as builders analyze hyper-local data. They account for variability in population projections, ranging from a ...