Grand Strand ranks 13th on list of growing metro areas

MYRTLE BEACH, SC (WMBF) – According to a new study, Houston, Atlanta and Washington, DC top the list of metropolitan areas with projected growth in the next five years.

But just a little further down that list is a few unexpected performers.

According to the study by Pitney Bowes Software, the Myrtle Beach/North Myrtle Beach/Conway area ranks at number 13 for "projected percentage growth."

That makes the Grand Strand the one metropolitan area in South Carolina expected to grow faster than the other major cities in the Palmetto State. Over the next five years, the Grand Strand is projected to add over 7,000 new households.

Columbia and Charleston also made the top 50 list of major metro areas expected to grow in the next five years, ranking in 18th and 41st place respectively. The Greenville/Spartanburg area did not make the list.

The majority of the states that made the top fifty are located in the southeastern United States.

The numbers of homes across the United States is expected to grown by 98 percent between 2012 and 2017, according to the new study.

The study analyzed 384 US metro before identifying the top 50, and only eight of those 384 are projected to see a decrease in total households by 2017.

"Projected household growth is a critical indicator for the economic prospects of a specific geographic area, and this data can help real estate, retail and a range of other businesses, plan their growth strategy scientifically," said John O'Hara, President of Pitney Bowes Software.

"It is no longer acceptable to make strategic business decisions on gut feel alone. Given the plethora of data, and the advanced tools for analyzing it, business leaders can stay ahead of real estate trends for planning."

Copyright 2012 WMBF News. All rights reserved.