Where Growth and Opportunity Meet

  • The Sun Belt has a $6.23 trillion GDP

  • 128 Fortune 500 companies. 11 Fortune 50

  • The cost of living index is below the national average

  • The leader in U.S. population growth since 2010

58%

The Sun Belt accounted for over half of the U.S. population gain from 2010-2020.
(2010-2020. U.S. Census Bureau)

An Economic Powerhouse

128 Fortune 500 HQs

Explore the full list of Fortune 500 companies

  • Walmart
  • McKesson
  • Exxon Mobile
  • AT&T
  • Dell Technologies
  • Bank of America
  • UPS
  • FedEx
  • Tyson Foods
  • Oracle
  • Coca Cola
  • Kimberly-Clark
  • American Airlines
  • Texas Instruments
  • Southwest Airlines

Source: 2021 Fortune 500

GDP Comparisons (2019)

U.S. Sun Belt-- $6.23 Trillion
Japan -- $5.08 Trillion
Germany -- $3.85 Trillion
Texas -- $1.89 Trillion
Brazil -- $1.84 Trillion
Russia -- $1.70 Trillion
Mexico -- $1.26 Trillion
Florida-- $1.09 Trillion
Saudi Arabia -- $793 Billion

Source: World Bank, IMF GDP data, BEA, 2019

People Follow Opportunity

101 %

Above the U.S. avg. growth rate
(2010-2020. U.S. Census Bureau)

Over 3,229

People added per day
(2010-2020. U.S. Census Bureau)

Over 11.76 M

People added 2010-2020
(2010-2020. U.S. Census Bureau)

More than 1 out of every 2 people added to the U.S. population were added in the Sun Belt.

Multifamily Fundamentals

With more than 1 in 3 people renting today, more individuals and families are renting out of necessity. Whether it’s the $1.7T in student loan debt, lagging incomes, or housing affordability, it has fed an economic trend toward renting.

Multifamily Fast Facts

  • 3.5M apartment units needed 2020-2030
  • Two of the largest generations in U.S. history fueling the market
  • Aging generation looking to downsize

36%

U.S. Households Rent vs Own
(NMHC. U.S. Census Bureau)

23.5M

Apartment units in the U.S.
(NMHC. U.S. Census Bureau)

3.5M

Units needed 2020-2030
(National Apartment Association)