Phoenix, Las Vegas and Largest Texas Cities Lead Nation in County Population Growth

摘要

One of the most telling sets of macro-economic data for electrical marketers is the local population data released annually by the U.S. Census Bureau. When new residents move into a market, it has a direct impact on the demand for construction of new homes, and the retail and light-commercial and institutional businesses that support them. These businesses include new strip malls, schools, hospitals and medical buildings, churches and other places of worship, big-box stores and other national retailers. These construction projects require a ton of electrical equipment, and a fast-growing local market keeps electrical distributors, reps and contractors quite busy in the sale, supply and installation of these products. The 2020 county-level population data released in May highlights the local markets attracting the most new residents, as well as the areas of the country consistently losing population. The chart on page 2 includes population data for the 50 counties with the biggest population increases from 2019 to 2020, as well as the data for population change from 2015 to 2020 and 2010 to 2020.