Other NC cities to boom? (Wilmington, Franklin: hotels, houses, tenants)
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It looks like Lexington and Davidson County are undergoing an industry boom right now that could spark population boom. Siemens Mobility, Inc. is investing $220 million to build a major advanced manufacturing and rail services center in Davidson County, NC, creating 506 jobs. Between Egger Wood Products and Nucor, about 700 jobs will be created, paying above the county’s average wage.
The City of Lexington is looking at turning old textile and furniture manufacturing businesses, nearly three acres of land off East Second Avenue, into a mixed-use development for apartments and businesses. Davidson County ranks No. 1 in NC for highest visitor spending growth. And now, Dai Nippon Printing Co., Ltd said it will open its first U.S. operation in the county creating 352 new jobs.
While NC is blessed to have a large, economic center like Charlotte and a powerful university triangle, what other cities/towns (small or mid-sized) could also have a bright future?
It's not a city, but Brunswick county is and has been one of the fastest growing counties in the country.
It's not a city, but Brunswick county is and has been one of the fastest growing counties in the country.
The interesting thing to watch how this growth evolves as Brunswick growth is overwhelmingly from retirees relocating. Demand right now is surging as the massive baby boomer population retires and values relocation to beach-side locations, but it will be interesting to see if that holds as the smaller Gen X co-hort enters retirement. Brunswick's population is largely beyond child bearing age (median of 55) so as the Baby Boomers that have bought homes there die (and their children sell those homes after inheriting), they will need to be replaced by newly re-locating retirees from the Gen X co-hort which is overall smaller and just less of them to go around to backfill Baby Boomer demand.
The interesting thing to watch how this growth evolves as Brunswick growth is overwhelmingly from retirees relocating. Demand right now is surging as the massive baby boomer population retires and values relocation to beach-side locations, but it will be interesting to see if that holds as the smaller Gen X co-hort enters retirement. Brunswick's population is largely beyond child bearing age (median of 55) so as the Baby Boomers that have bought homes there die (and their children sell those homes after inheriting), they will need to be replaced by newly re-locating retirees from the Gen X co-hort which is overall smaller and just less of them to go around to backfill Baby Boomer demand.
"Demand right now is surging as the massive baby boomer population retire"
Correct, 34% is a big number and is a significantly more senior population than the rest of the country and state and the age distribution reflects that. That is a percent that is double the 16.3% of North Carolina as a whole that is 65+. In Brunswick, the 65+ population is larger than the entire 0 - 39 population in the county. There are the same amount of 70 - 79 years olds in Brunswick as there are children, which is unlike the state where there are more kids than people over 60. Long story short, it is a relatively senior county compared to the rest of the state and country.
North Carolina as whole:
Median age: 39 (16 years less than Brunswick)
Under 19: 25.0%
20 - 29: 13.4%
30 - 39: 12.8%
40 - 49: 12.9%
50 - 59: 13.3%
60 - 69: 11.9%
70 - 79: 7.3%
80+: 3.5% https://data.census.gov/table/ACSST5...?g=040XX00US37
When you look at the distribution, 21.4% of Brunswick is 60 - 69 and this is being followed by a large drop where the entire 40 - 59 age range is about the same population size. Once those 60 - 69 years old start dying, they will need to be replaced by additional transplants because the existing 40 - 59 year old population that will graduate into the 60+ range is not large enough to make up for the deaths of the current 60 - 69 year old cohort. This contrasts to the state as a whole, where younger generations are larger than older generations and will naturally replace the death of baby boomers.
Correct, 34% is a big number and is a significantly more senior population than the rest of the country and state and the age distribution reflects that. That is a percent that is double the 16.3% of North Carolina as a whole that is 65+. In Brunswick, the 65+ population is larger than the entire 0 - 39 population in the county. There are the same amount of 70 - 79 years olds in Brunswick as there are children, which is unlike the state where there are more kids than people over 60. Long story short, it is a relatively senior county compared to the rest of the state and country.
North Carolina as whole:
Median age: 39 (16 years less than Brunswick)
Under 19: 25.0%
20 - 29: 13.4%
30 - 39: 12.8%
40 - 49: 12.9%
50 - 59: 13.3%
60 - 69: 11.9%
70 - 79: 7.3%
80+: 3.5% https://data.census.gov/table/ACSST5...?g=040XX00US37
When you look at the distribution, 21.4% of Brunswick is 60 - 69 and this is being followed by a large drop where the entire 40 - 59 age range is about the same population size. Once those 60 - 69 years old start dying, they will need to be replaced by additional transplants because the existing 40 - 59 year old population that will graduate into the 60+ range is not large enough to make up for the deaths of the current 60 - 69 year old cohort. This contrasts to the state as a whole, where younger generations are larger than older generations and will naturally replace the death of baby boomers.
I think a place like Horry County should be more concerned than Brunswick about being overbuilt in terms of homes.
Much of Brunswick growth is being fueled by a lack of land in New Hanover for the Wilmington Metro to grow. Just look at Leland's population boom.
Also in terms of Brunswick, the rest of the county is close to the beach or on it. I don't see any reason why those homes won't, at the least, hold investment value for vacationers. So its not likely to get overbuilt based on retirees
This reminds me of the excellent story done by WFAE that discussed how the high number of retirees to North Carolina, especially the Wilmington area, is keeping the state in Republican hands, and countering what most would expect would occur in a purple state with high domestic immigration. Although New Hanover County has become bluer to bluish in this decade, Brunswick and Pender counties remain deep red. The retirees moving to the state are mostly conservative, and some of them are moving here specifically because they want to move to more conservative areas.
This reminds me of the excellent story done by WFAE that discussed how the high number of retirees to North Carolina, especially the Wilmington area, is keeping the state in Republican hands, and countering what most would expect would occur in a purple state with high domestic immigration. Although New Hanover County has become bluer to bluish in this decade, Brunswick and Pender counties remain deep red. The retirees moving to the state are mostly conservative, and some of them are moving here specifically because they want to move to more conservative areas.
There's something else as well. Many Northerners, especially New Englanders, while reliably Democratic overall, understand the virtues of divided government and bring this mindset with them when relocating to North Carolina. It's a mistake to assume that they arrive favoring a Democratic hegemony, despite their ideology. Another mistake is to assume that conservative influences on social issues are necessarily kryptonite to prospective Yankee transplants. The only two reasons I've been given in Boston for getting out of Dodge and heading south have been for milder winters and lower taxes. In addition, I doubt if those relocating from states such a California, Oregon and Illinois are showing up to turn Republicans into the private sector after looking in the rearview mirror. And speaking of North Carolina booming, why rock the boat politically?
Correct, 34% is a big number and is a significantly more senior population than the rest of the country and state and the age distribution reflects that. That is a percent that is double the 16.3% of North Carolina as a whole that is 65+. In Brunswick, the 65+ population is larger than the entire 0 - 39 population in the county. There are the same amount of 70 - 79 years olds in Brunswick as there are children, which is unlike the state where there are more kids than people over 60. Long story short, it is a relatively senior county compared to the rest of the state and country.
North Carolina as whole:
Median age: 39 (16 years less than Brunswick)
Under 19: 25.0%
20 - 29: 13.4%
30 - 39: 12.8%
40 - 49: 12.9%
50 - 59: 13.3%
60 - 69: 11.9%
70 - 79: 7.3%
80+: 3.5% https://data.census.gov/table/ACSST5...?g=040XX00US37
When you look at the distribution, 21.4% of Brunswick is 60 - 69 and this is being followed by a large drop where the entire 40 - 59 age range is about the same population size. Once those 60 - 69 years old start dying, they will need to be replaced by additional transplants because the existing 40 - 59 year old population that will graduate into the 60+ range is not large enough to make up for the deaths of the current 60 - 69 year old cohort. This contrasts to the state as a whole, where younger generations are larger than older generations and will naturally replace the death of baby boomers.
"the massive baby boomer population retire"
34% is NOT "massive" in my book and is LESS then 66%
I think a place like Horry County should be more concerned than Brunswick about being overbuilt in terms of homes.
Much of Brunswick growth is being fueled by a lack of land in New Hanover for the Wilmington Metro to grow. Just look at Leland's population boom.
Also in terms of Brunswick, the rest of the county is close to the beach or on it. I don't see any reason why those homes won't, at the least, hold investment value for vacationers. So its not likely to get overbuilt based on retirees
"Much of Brunswick growth is being fueled by a lack of land in New Hanover for the Wilmington Metro to grow. Just look at Leland's population boom."
Haven't driven south west in the county much, have you.
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