For anyone who’s grown up in metro Atlanta during these last four boom-boom decades, the monthly report from the Atlanta Regional Commission is simply astounding:
[The] ARC estimated that the 10-county Atlanta region added 31,500 new residents between April 1, 2009, and April 1, 2010. This growth is dramatically slower than historical levels, as the national recession and the housing slowdown continue to take their toll.
Since the recession began more than two years ago, the 10-county region has added approximately 56,000 people, which is the slowest growth period in the region since the 1950s.
The Atlanta region’s slowdown is directly attributable to the national economy. During weak economic periods, people don’t move as much for several reasons. Job opportunities are slim, meaning people don’t move to take new jobs. And, with the housing market in such disarray, it is hard to sell a house, which tends to keep people stationary….
Overall, however, this decade has been characterized by fast growth. The Atlanta region has averaged more than 72,000 new residents each year.