Wendell Cox

Net Domestic Migration Gains & Losses by State since 2000

Wendell Cox — Fri, 12 Jul 2024 19:02:23 -0400

Since 2000, there has been substantial net domestic migration between the states of the United States.

The largest gains have been in Florida (3.4 million), Texas (2.7 million), North Carolina (1,5 million), Arizona (1.4 million and Georgia (1.0) million. Five other states exceeded 500,000, including South Carolina, Tennessee, Nevada, Colorado and Washington (Figure 1). However, Colorado and Washington, along with Oregon (which gained over 400,000) have slipped into net domestic migration losses, with costs of living driven up due to excessively heightened housing costs.

The largest losses were in New York (4.0 million), California (3.8 million), Illinois (1.9 million and New Jersey, at 1.1 million. Ohio, Massachusetts and Louisiana lost more than 500,000 net domestic migrants (Figure 2).

During the period, annual net domestic migration numbers were not reported for 2000 or for 2010.

Complete data is in the referenced spreadsheet: download/view here

Wendell Cox is principal of Demographia, an international public policy firm located in the St. Louis metropolitan area. He is a Senior Fellow with the Frontier Centre for Public Policy in Winnipeg and a member of the Advisory Board of the Center for Demographics and Policy at Chapman University in Orange, California. He has served as a visiting professor at the Conservatoire National des Arts et Metiers in Paris. His principal interests are economics, poverty alleviation, demographics, urban policy and transport. He is co-author of the annual Demographia International Housing Affordability Survey and author of Demographia World Urban Areas.

Mayor Tom Bradley appointed him to three terms on the Los Angeles County Transportation Commission (1977-1985) and Speaker of the House Newt Gingrich appointed him to the Amtrak Reform Council, to complete the unexpired term of New Jersey Governor Christine Todd Whitman (1999-2002). He is author of War on the Dream: How Anti-Sprawl Policy Threatens the Quality of Life and Toward More Prosperous Cities: A Framing Essay on Urban Areas, Transport, Planning and the Dimensions of Sustainability.

Demographia Housing Affordability in Canada 2021 Supplemental

Wendell Cox — Thu, 23 Dec 2021 16:07:31 -0500

Demographia Housing Affordability in Canada, assesses middle-income housing affordability (Section 1) using the Median Multiple,” which is the market rate median house price divided by the pre-tax median household income (gross income).

Read the full Report here: DEMOGRAPHIA HOUSING AFFORDABILITY IN CANADA

The Median Multiple is widely used for evaluating housing markets. It has been recommended by the World Bank and the United Nations and has been used by the Joint Center for Housing Studies at Harvard University. The Median Multiple and other price-to-income multiples (housing affordability multiples) are used to compare housing affordability between markets by the Organization for Economic Cooperation and Development, the International Monetary Fund, The Economist, and other organizations.

Historically, liberally regulated markets have exhibited median house prices that are three times or less that of median household incomes (a Median Multiple of 3.0 or less). Demographia uses the housing affordability ratings in Table 1.

Housing Affordability in Canada: The Context

Among the major markets, housing remained comparatively affordable from 1970 to the mid-2000s, though the Vancouver market had become severely unaffordable. Since then, however, housing affordability has deteriorated materially. Housing was generally affordable in Canada’s as late as the mid-2000s. For example, house prices have increased the equivalent of 7.7 years of median household income in Vancouver from 2004/2005 and 6.0 years in Toronto.

House price increases have been substantial in the other major markets. Montreal and Ottawa-Gatineau house prices have increased the equivalent of more than two years of annual median household income. Calgary and Edmonton, prices rose about the equivalent of one year.

This piece first appeared on Frontier Centre for Public Policy.

Wendell Cox is principal of Demographia, an international public policy firm located in the St. Louis metropolitan area. He is a founding senior fellow at the Urban Reform Institute, Houston, a Senior Fellow with the Frontier Centre for Public Policy in Winnipeg and a member of the Advisory Board of the Center for Demographics and Policy at Chapman University in Orange, California. He has served as a visiting professor at the Conservatoire National des Arts et Metiers in Paris. His principal interests are economics, poverty alleviation, demographics, urban policy and transport. He is co-author of the annual Demographia International Housing Affordability Survey and author of Demographia World Urban Areas.

Frontier Thinkers Corner: Housing Affordability

New Geography — Fri, 29 Oct 2021 15:31:16 -0400

Wendell Cox joins host David Lees for a discussion on housing affordability and the root causes of the unaffordable housing crisis.

This in-depth overview of the affordability crisis with world renowned housing affordability expert Wendell Cox. This webinar will reveal key insights based on his many years of landmark research including the internationally cited Demographia Housing Affordability Index (Frontier Centre is the Canadian distribution partner). His international and domestic case studies give participants a whole new appreciation for why we are in this current housing crisis and why now is the time for a rethink of housing policy to make it more affordable.

Watch the video: