Perhaps due to the affordability of Houston homes, the Lone Star State witnessed a sizeable gain in its population profile last year.
According to a new report released by the U.S. Census Bureau, Texas had the largest population increase last year between July and the same month in 2011. In that 12-month time span, the state’s population rose by more than 427,400 people.
Not only did more people move to Texas but the rate at which they did so also increased. The report says that Texas was the third-fastest growing state from between July 2011 and 2012, with the rate rising 1.67 percent.
At 25.6 million people, Texas is the second-most populous state in the country and runner-up only to Alaska in terms of overall land area.
With so many people moving to the state, it’s no surprise that home purchases havetrended northward – particularly in Texas’ largest city. According to the latest data from the Houston Association of Realtors, single-family home sales in November were close to 28 percent higher than they were at the same time last year. That marks the eighteenth straightmonth in which there was a rise in home purchases from the previous month.