FYI Miami: December 29, 2022

Bellow are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.

FASTEST POPULATION GROWTH: Florida’s population grew fastest of any US state from July 1, 2021, to July 1, 2022, up 1.9%, the US Census Bureau reported last week. Florida had an estimated 22,244,823 residents on July 1, up from 21,828,069 a year earlier. “While Florida has often been among the largest-gaining states, this was the first time since 1957 that Florida has been the state with the largest percent increase in population,” said Kristie Wilder, a Census Bureau demographer in the population division. While topping states in percentage gains, Florida also had the second-largest rise in total residents. Its 416,754 jump trailed only Texas’ 470,708 gain. Florida still has the third-largest US population, behind California and Texas. Texas’ population grew 1.6% to 30,029,572 in the period, while California’s dipped 0.3% to 39,029,342. Other states with large percentage gains were Idaho at 1.8%, South Carolina 1.7%, and South Dakota and Montana 1.5%. States with the largest percentage losses were New York 0.9%, Illinois and Louisiana 0.8%, West Virginia 0.6% and Hawaii 0.5%.

LARGEST HOME PRICE RISE: Miami and Tampa topped metro areas in home-price increases in October compared to a year earlier, though prices are weakening nationally, according to an analysis released Tuesday. The Miami area had a 21% year-over-year rise and the Tampa area had a 20.5% increase, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The Charlotte area was third-highest, up 15%. But the report, which provides data on 20 metropolitan areas, said home-price increases have slowed. “As the Federal Reserve continues to move interest rates higher, mortgage financing continues to be a headwind for home prices,” said Craig J. Lazzara, managing director at S&P DJI, in a prepared statement. “Given the continuing prospects for a challenging macroeconomic environment, prices may well continue to weaken.”

EIGHTH STREET UPGRADES: The Florida Department of Transportation is to start a 16-month, $13.8 million project the week of Jan. 3 along Southwest Eighth Street from 74th Court to 27th Avenue. The work will add mid-block pedestrian crossings at Southwest 44th Avenue and Genoa Street; install pedestrian ramps, detectable warning surfaces, signage, pavement markings, countdown signals and pushbuttons; add high-emphasis crosswalks, reconstruct damaged sidewalks and remove abandoned driveways, upgrade light poles with light-emitting diodes (LED) and add traffic detection video at some intersections. The project includes adding some no-left-turn signs. Access to adjacent neighborhoods and businesses is to remain.