Greater Boston population growth cooling
Greater Boston is growing. But not as fast as it was just a few years ago. And that could have big implications for the region’s housing market.
New figures from the US Census indicate the region’s quick pace of population growth in recent years is tapering off, with more people moving out of state. The five large counties in Eastern Massachusetts — Suffolk, Middlesex, Norfolk, Plymouth and Essex — added about 25,000 people in 2016, according to the Census Bureau, a number that fell for the third straight year and is down nearly by half since 2013.
While the Boston is still growing, housing costs that are among the highest in the U.S. are dampening that growth, said Marc Draisen, executive director of the Metropolitan Area Planning Council. And that may put the brakes on our broader economy.
Read the complete story at BostonGlobe.com.
Don’t have a Globe subscription? Boston.com readers get a 2-week free trial.
