Quote:
Originally Posted by KevinFromTexas
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Actually...I believe that should be 2018 or 2019. Remember, the estimate was for July 1, 2015. There may be another ~20,000 new people in the city as of July 1, 2016 (~950,000).
~0.951 in 2016
~0.970 in 2017
~0.989 in 2018
~1.008 in 2019
***This assumes the City of Austin gains 19,000 per year (which means, over time, the actual Y-O-Y growth percentage will be decreasing). I actually believe it will at least remain the same or see a slight increase when new for sale and multi family units com online.
The City of Austin seems to average 3.58% annual growth since 2010. If this remains constant, COA could cross the 1,000,000 mark as early as 2017. The Bureau seems to estimate last year's growth at ~2.1%. If you hold that rate constant, COA would surpass the 1,000,000 threshold in late 2018 or early 2019.