Friday, December 28, 2018

2019 will likely see accelerated population growth in Davidson

aShortChronicle told readers back in June that new neighborhoods coming online would accelerate Davidson's growth rate in coming years and a quick count of these seems to confirm that.

2017 data shows Davidson continuing to add people at the same rate as in previous years with 230+ coming to town between 2016 and 2017.  That rate may stay the same when 2018 data comes out halfway through next year, but residents can expect that to increase in 2019 if the current rate of buildout continues in the mega devopments of Davidson East and Westbranch.

In June, aShortChronicle posited that if these two developments built out over 3.5 years that would total 150+ new homes and 400+ people per year in these two developments alone.  After a drive through these new developments this week with roughly six months of home building completed, there are already nearly 150 homes either built or in various stages of construction.  That could possibly yield a much higher annual rate than used in the June estimates.  However, it could also just be prepping inventory for the coming Spring selling season.

Only time will tell on that.

What can be passed along now is that several of the current sales in Westbranch appear to be to an investment company.  That is per data in the Mecklenburg County Polaris system.  According to Polaris, in late November/early December no less than 8 homes were purchased by and entity named AMH NC PROPERTIES TWO L P with a mailing address in Agoura Hills, CA.  A Google search of the address says that is for the company American Homes for Rent.

No comments:

Post a Comment