Killeen to see nation’s 3rd largest growth in households
By: Chris Cheng
KILLEEN – The Killeen-Temple-Fort Hood area is projected to experience the nation's third largest percentage growth in households over the next five years, according to Pitney Bowes Software's inaugural Metro Magnets Index. Between 2012 and 2017 the area is expected to add 10,874 households increasing the total number of households by 7.2%.
The Killeen-Temple-Fort Hood area currently has 145,575 households, with that number projected to increase to 156,043 in 2017. That increase puts the Killeen area behind only Provo-Orem, Utah and Austin-Round Rock- San Marcos, both with a projected increase of 7.4%, and tied with Raleigh-Cary, N.C. for the nation's largest percentage increase among major metropolitan areas with at least 100,000 residents.
"I am really excited about this. I think it's going to do well for the businesses," Lonnie Ellis said.
Lonnie works for a business that supervises several restaurant chains in Bell County.
"I've seen very, very good sales trends the last year or so. I just think you know optimistically were going to see even better sales," Ellis said.
The business manager is not the only one who is optimistic about Killeen's future, the Greater Killeen Chamber of Commerce said the study is a sign of the times.
"I think expecting high household growth means our economy is growing, it means people come here for those opportunities, and it signals to the market that we are growing," Jonathan Packer said.
With the possibility of more people and sales, Ellis believes this could open the market for new business owners.
"I think that people will not be so afraid of the economy in this area and maybe single owner restaurants and businesses will venture out," Ellis said.
But should the study prove right, the city could be facing a major challenge with trying to keep up with the population.
Many city officials see those challenges more as opportunities.
"Clearly the city has to deal with infrastructure, parks, etc. so those are challenges, but I think it allows us to take a look at who we are and who we want to be. Something's going right here and that we be proud of our community and that while we have to plan for the future we can be confident that we have the great opportunity to have a successful future," Packer said.
The Killeen-Temple-Fort Hood area is not the only place in Texas that is expected to grow. Five separate metropolitan areas, including Austin, San Antonia, and Houston are in the top ten for projected percentage increase in the number of households.
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