DATA POINTS

www.datapoints.org JUNE 2013

Most Recent Monthly Data Current

www.capcog.org
Previous Month MoM YoY

VITAL SIGNS
Employment growth continued in April, though at an accelerated rate compared to March. Single-family permits grew a solid 4.82% monthover-month (up 20.9% year-over-year). Multifamily permits rebounded from a moderate dip in March, demonstrating very strong growth occurring in the first half of the year. Sales tax receipts surged 22% in April. Patents awarded continued to slide in May. Capital-area stock turned upward in the month of May, gaining in both the CAPTEX I index and the broader CAPTEX II index..

Unemployment Rate Employment Growth

(Apr.) (Apr.) (Apr.)

5.1 5,561 827 1,507

5.3 5,561 789

-3.8% 0.4% 4.82%

-7.3% 3.4% 20.9% 5.7% 5.8%

Bldg. Permits Single-Family Bldg. Permits Multifamily Sales Tax Receipts Patents Awarded
(Apr.) (May.)

(Apr.)

411 266.7% 22.2%

$34,010,463 $26,684,393 214 258

-17.1% -16.4%

CAPTEX Stock Index I

CAPTEX Stock Index II

(June1)
(June1)

276.44
181.05

275.76
177.98

0.25% -1.63%
0.95% -7.93%

Dive deeper into the data at DataPoints.org for sources, notes and other information.

IN FOCUS: Eleventh and Growing

The capital area continues to charge ahead as a center for growth in the United States. And after the latest population figures were released by the U.S. Census in May, two capital area cities in particular won significant bragging rights, with Austin climbing to the eleventh spot on the list of largest U.S. cities and San Marcos taking the title as fastest growing U.S. city over 50,000 in population. While dismissed by some as a relatively cosmetic metric, the list of Americas largest cities tells a broad story about the character of growth in the United States today and which regions have been most and least successful in supporting growth. If anything at all is clear from the numbers, it is that Austin is stamping out any remaining notion of it being a small capital city with a large university (if there was any such notion remaining to speak of) and cementing its stature as one of the premier cities in America. Also clear enough to make natives grin and outsiders wince, is that America is growing increasingly Texan. Among the twenty-five largest cities in the U.S., six are in Texas, two of which, Austin and Fort Worth, were among the five fastest growing. At 3.1% year-over-year population growth, Austin stood head and shoulders above the nations largest cities as a center for growth. That pace of growth is shared and often exceeded by the communities surrounding Austin, with San Marcos, Cedar Park and Georgetown all growing at a rate above four percent annually. Diving deeper into the numbers offers additional opportunities to see how growth among the areas cities

Population by City: Top U.S. and Capital Area

U.S. Rank 1 2 3 4 5 6 7 8 9 10 City New York Los Angeles Chicago Houston Philadelphia Phoenix San Antonio San Diego Dallas San Jose 2011 8,269,639 3,823,316 2,705,248 2,126,196 1,538,567 1,464,214 1,357,551 1,320,274 1,217,821 970,014 817,197 828,789 827,517 814,233 799,086 761,664 756,213 706,201 663,977 651,348 628,335 621,897 619,285 619,020 612,173 2012 Growth 8,336,697 0.8% 3,857,799 0.9% 2,714,856 0.4% 2,160,821 1.6% 1,547,607 0.6% 1,488,750 1.7% 1,382,951 1.9% 1,338,348 1.4% 1,241,162 1.9% 982,765 1.3% 842,592 3.1% 836,507 0.9% 834,852 0.9% 825,863 1.4% 809,798 1.3% 777,992 2.1% 775,202 2.5% 701,475 -0.7% 672,538 1.3% 655,155 0.6% 636,479 1.3% 634,535 2.0% 634,265 2.4% 632,323 2.1% 624,496 2.0%
Source: U.S. Census, CAPCOG

11
12 13 14 15 16 17 18 19 20 21 22 23 24 25

Austin
Jacksonville Indianapolis San Francisco Columbus Fort Worth Charlotte Detroit El Paso Memphis Boston Seattle Denver Washington Nashville

U.S. Rank 11

City Austin

2011 Pop. 817,197 103,902 55,369 50,190 50,217 47,662

2012 Pop. 842,592 106,573 57,957 52,303 51,894 50,001

Growth 3.1%

261
612 692 698 726

Round Rock
Cedar Park Georgetown Pflugerville San Marcos

2.6%
4.7% 4.2% 3.3% 4.9%

Source: U.S. Census, CAPCOG

DATA POINTS
www.datapoints.org JUNE 2013 www.capcog.org
Share of MSA % Change in Share Population Growth Population '10-'12 10-11 46% -0.3% 3.1% 6% -0.2% 2.6% 3% 10.8% 4.7% 3% 3.2% 4.2% 3% 3.4% 3.3% 3% 4.2% 4.9% 37% 5.5% 5.5%
Source: U.S. Census, CAPCOG

IN FOCUS: Eleventh and Growing (continued)

Is reshaping the region. The City of Austins 46% share of the MSAs total population is high for cities at the center of Americas metros which typically have a share closer to 32%. Although there is a steep drop-off in size to Austins surrounding cities, a faster pace of growth is leading several to gain a larger share of the metro which could have many long-term effects on the economy and identity of the region. More information and a comparative look at Texas cities share of metropolitan population can be found at www.DataPoints.org.
City Austin Round Rock Cedar Park Georgetown Pflugerville San Marcos All other portions of MSA combined

SPOTLIGHT ON: Burnet County

Each month, Data Points will highlight economic development in one of the capital areas 10 counties.

Home to tranquil vistas and hidden outdoor gems, Burnet County has grown steadily over the years as a favorite spot for retirees, weekend getaways and those who looking for rural, small-town living without having to give up access to the vibrancy of Austin. With tourism as a cornerstone of its economy, hotel occupancy is stronger than ever, providing an important stream of value to the area. But like many of the capital areas scenic and rural corners, Burnet County has been challenged to find ways of preserving the charm and natural beauty that lend its appeal while supporting growth and economic diversification that lead to stability and new opportunities for retaining (or attracting) young professionals. One recent development highlights efforts underway within the county to add a new dimension to the local economy and new job opportunities for residents. On June 3rd, Burnet County celebrated the completion of the first phase of what will become the Hurd Regional Medical Center by Scott & White near the intersection of Highways 281 and 71. A key component of the areas efforts to target the health and wellness industry, the $150 million project is expected to create 575 construction-related jobs and another 575 permanent, full-time jobs, with an estimated economic impact of just under a billion dollars over ten years. The first component of the medical center is the 60,000 square foot specialty clinic that opened this month. The full medical center is projected to be complete in 2014. The Marble Falls EDC executed a $2.5 million performance agreement over 5 years with Scott & White to facilitate the project.
SOURCE: Marble Falls EDC, Scott & White

SOURCE: Marble Falls EDC, Scott & White

ABOUT CAPCOG ECONOMIC DEVELOPMENT

CAPCOGs Economic Development Program works closely with cities, counties, chambers of commerce and economic development corporations of the Texas capital area, providing education, training and expert assistance. Services include providing in-depth economic analysis, managing special projects related to regional planning and economic strategy and helping communities devise new strategies for improved competitiveness. To discuss specific projects or available services, contact Program Manager Michael Hennig at mhennig@capcog.org.