30 Jun Fort Myers/Cape Coral Metro Among Fastest Growing Cities in US
Increased growth is good news for Cape Coral home builder Paul Homes
According to the U. S. Census Bureau, the Fort Myers/Cape Coral Metro area is now the 15th fastest growing city in the US.
A recent report points out that Bonita Springs and Fort Myers are the only two Florida cities among the country’s 15 fastest growing by percentage.
The population of Bonita Springs grew by 4.8% between July 1, 2015, and July 1, 2016, ranking eighth in the national listing. Fort Myers, whose population increased by 4.5%, ranked 15th. Bonita Springs’ population climbed to 54,198 and Fort Myers had a population of 77,146, according to the census report. Cape Coral is the largest city in the region with a population of 179,804, a 2.8 percent increase year over year.
In 2015, Florida leap-frogged New York, becoming the second fastest growing state in the nation, behind Texas. Nearly 1,000 people move to Florida each day, many of them baby boomers looking to retire in the temperate climate that Florida boasts.
This increase in population, especially among the more affluent baby boomers, should result in the continued growth of the new home market in Southwest Florida. In January, the executive director of the Cape Coral Construction Industry Association commented on the strong growth in single-family home permits in 2017, anticipating continued strength in 2018.