Every other Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love to hear from you about how we’re doing, and to have you join our community by subscribing to receive this weekly post by email. Follow #CFMReview.
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Where in America is Population Growing the Fastest?
When population grows, so does construction. An influx of people stimulates the local economy which leads to an increase in construction spending. Furthermore, public infrastructure as well as residential and commercial building is required to support the larger population.
Most news articles about population growth tend to focus on comparing the growth of different cities and metro areas (such as this one), but the article described here takes a different perspective and focuses on counties which are seeing rapid surges in population. Note: Texas has the most quickly growing counties, Florida comes in second place.
The top inbound large counties in the United States are:
- Fort Bend, Texas
- Montgomery, Texas
- Denton, Texas
- Lee, Florida
- Collin, Texas
- Denver, Colorado
- Orange, Florida
- Wake, North Carolina
- Utah, Utah
- Polk, Florida
Click here to read “In These Counties, Population is Surging” from Builder Online
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The Cities on the Sunny Side of the American Economy
This article from the New York Times takes a more qualitative look at changing population demographics and dynamics across the United States. While the overall growth of the US economy is disappointing, “many metropolises and smaller cities across the nation that have not only regained their footing since the recession, but are on the upswing.”
Why is this the case? What makes one city more prone to growth and economic recovery than others? Andrew McAfee posits that perhaps one factor is the “combination of great research universities and knowledge-intensive industries.”
It is interesting to see the country evolve such that specialized industries and economic opportunity are readily available in smaller cities, not just major metro centers like New York, Washington, DC, and San Francisco. And where jobs are born and economies grow, construction follows.
Click here to read “The Cities on the Sunny Side of the American Economy” from the New York Times
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8 Mesmerizing Construction Time-Lapse Videos
Okay, this isn’t news…but it’s really cool! Check out these awesome videos of construction projects to gain a unique perspective on the power and possibility offered by construction.
Click here to watch the videos on Construction Dive.
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