So here's the headline: More people are moving to Manhattan than before the pandemic. This is true. But an even more accurate description might be that New York City was losing people before the pandemic and it is still losing people. But things have rebounded since the lows of the pandemic and it is now losing less people. Here are two charts from Bloomberg:


This is generally good news since the increased exodus (to places like Miami) led some to believe that one of the most important global cities in the world was now dying. I never thought that was the case. But there's no arguing against the fact that the fastest growing cities in the US are the ones with more affordable housing and fewer constraints on new development.

At the beginning of this year, Singapore expanded its preschool subsidies and improved its support for assisted reproduction and fertility treatments. The goal: more Singaporean children. According to the World Bank (via the Wall Street Journal), Singapore has one of the lowest fertility rates in the world at about 1.14 children per woman as of 2018. This is down from about 3 in 1970, when the government was actually worried about the opposite problem -- too many children.

Of course, this trend is not unique to Singapore. This is generally the way the winds are blowing in the developed world. Young people are spending more time on education, career, and travel. And they're delaying marriage (or not getting married). On top of this, family-sized housing has become fairly expensive in most big cities. The fastest solution is to ramp up immigration, but many countries, including Singapore, have concerns about what this does to the "national identity."
The US Census Bureau just released its population estimates for 2018. As has been the case in previous years, the counties that added the most people (largest numeric growth) are all located in the south and west. Texas holds 4 out of the top 10 spots.
Here is a Tweetstorm by Jed Kolko, the chief economist of Indeed, with a couple of graphs summarizing the findings (click through to see the full thread):
https://twitter.com/JedKolko/status/1118854499810996224
Despite the narrative that people are returning to cities and urban centers, the data is pretty clear: the flow of domestic migration within the US is largely from dense urban counties to more suburban -- and affordable -- ones. Big cities are expensive.
So here's the headline: More people are moving to Manhattan than before the pandemic. This is true. But an even more accurate description might be that New York City was losing people before the pandemic and it is still losing people. But things have rebounded since the lows of the pandemic and it is now losing less people. Here are two charts from Bloomberg:


This is generally good news since the increased exodus (to places like Miami) led some to believe that one of the most important global cities in the world was now dying. I never thought that was the case. But there's no arguing against the fact that the fastest growing cities in the US are the ones with more affordable housing and fewer constraints on new development.

At the beginning of this year, Singapore expanded its preschool subsidies and improved its support for assisted reproduction and fertility treatments. The goal: more Singaporean children. According to the World Bank (via the Wall Street Journal), Singapore has one of the lowest fertility rates in the world at about 1.14 children per woman as of 2018. This is down from about 3 in 1970, when the government was actually worried about the opposite problem -- too many children.

Of course, this trend is not unique to Singapore. This is generally the way the winds are blowing in the developed world. Young people are spending more time on education, career, and travel. And they're delaying marriage (or not getting married). On top of this, family-sized housing has become fairly expensive in most big cities. The fastest solution is to ramp up immigration, but many countries, including Singapore, have concerns about what this does to the "national identity."
The US Census Bureau just released its population estimates for 2018. As has been the case in previous years, the counties that added the most people (largest numeric growth) are all located in the south and west. Texas holds 4 out of the top 10 spots.
Here is a Tweetstorm by Jed Kolko, the chief economist of Indeed, with a couple of graphs summarizing the findings (click through to see the full thread):
https://twitter.com/JedKolko/status/1118854499810996224
Despite the narrative that people are returning to cities and urban centers, the data is pretty clear: the flow of domestic migration within the US is largely from dense urban counties to more suburban -- and affordable -- ones. Big cities are expensive.
So there seems to be a preference for throwing money at the problem and promotional material with slogans like this one: "Have three, or more if you can afford it."
Chart: WSJ
So there seems to be a preference for throwing money at the problem and promotional material with slogans like this one: "Have three, or more if you can afford it."
Chart: WSJ
Share Dialog
Share Dialog
Share Dialog
Share Dialog
Share Dialog
Share Dialog