America's Fastest-Growing Towns
February 10, 2009
Daily Real Estate News | February 10, 2009 |
In the last decade, there have been hundreds of communities in every state that have seen significant growth in new homes.
Many of them are outside the urban core and often far from established centers of employment. In a new report, BusinessWeek poses the question: Will the current economic slowdown put an end to these communities?
"The boomtowns of this decade are not booming so much in the last couple years," said William H. Frey, a demographer at the Brookings Institution in Washington, D.C., tells the magazine. "It's possible those places will come back again. A lot depends on where the economy grows and where the new knowledge centers are."
BusinessWeek worked with Gadberry Group, a business location company, to identify communities in every state that have experienced the largest growth. The results were published in a report called "America's Biggest Boomtowns."
The top 10 fastest-growing communities:
- Summerlin South, Nev., 618 percent
- Katy, Texas, 168 percent
- Wentzville, Mo., 160 percent
- Spring Hill, Tenn., 157 percent
- South Carolina, 156 percent
- Brighton, Colo., 153 percent
- Wesley Chapel, Fla., 151 percent
- Lehi, Utah, 110 percent
- Canton, Ga., 99 percent
- Oswego, Ill., 98 percent
