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Austin population grows 51% in households from 2014-2024 census data

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Austin population grows 51% in households from 2014-2024 census data

The Austin, Texas, region has seen its population grow rapidly over the last decade, with new data showing it added households at about four-times the pace of the nation as a whole.

Data from the National Association of Realtors showed that the metropolitan area encompassing Austin, Round Rock and San Marcos saw the number of households grow roughly 51% from 2014 to 2024.

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The Austin region gained 357,000 households from 2014 to 2024, which brought the number of households in the region from 703,976 to 1,061,155 in that time. Over that same period, the number of households in the U.S. as a whole grew at a rate of about 13%.

NAR’s analysis found that household growth in the Austin metro area was driven across younger and older age groups.

ABBOTT UNVEILS 5-POINT PLAN TO OVERHAUL TEXAS PROPERTY TAXES, TARGETING RELIEF FOR HOMEOWNERS

Aerial view of Austin, Texas.

The Austin area added households at roughly four-times the national rate over the 2014 to 2024 period. (iStock)

The data showed that the share of households in Austin, Round Rock and San Marcos led by those under the age of 25 grew from 5.1% to 5.9% from 2014 to 2024. Among those between the ages of 25 and 34, the proportion rose from 21.1% to 21.7%.

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“Households headed by people in their late 20s and 30s grew significantly,” wrote NAR senior economist and director of real estate research Nadia Evangelou. “Those are the classic years for household formation. That’s when people move for jobs, form families, and step into the housing market for the first time.”

She said that growth in those age groups can spur demand for rentals and starter homes, keeping entry-level housing demand very strong and competitive, while eventually boosting demand for move-up properties. 

MCMANSIONS BECOME FINANCIAL ‘LIABILITY’ AS BUYERS DITCH OVERSIZED HOMES

Homes under construction with storm in background

Austin saw strong demand for different classes of housing that met the needs of different age groups. (Mark Felix/Bloomberg via Getty Images)

The youngest age cohort of those under 25 in particular played a role in driving an influx of new apartment buildings, which helped lower rental prices in the area.

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Older age groups also saw their share of the Austin area household mix rise, with the share of those led by people aged 65 to 74 rising from 9.5% to 10.7% from 2014 to 2025, while those over the age of 75 rose from 5.6% to 7% in that period.

“The number of households headed by those 65 and older increased significantly over the decade, and their share of total households rose,” Evangelou said. “That tells us Austin isn’t just attracting younger workers, it’s also keeping residents as they age.” 

HOUSING MARKET COOLS AS PRICE GROWTH HITS SLOWEST PACE SINCE GREAT RECESSION RECOVERY

New homes being built by CastleRock Communities in Kyle, Texas.

The Austin region’s growth kept demand strong for a variety of types of homes. (Matthew Busch/Bloomberg/Getty Images)

“That kind of growth creates steady demand for different types of housing: single-level homes, properties with less maintenance, and communities that allow people to age in place,” she explained.

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With the growth in younger and older households, other age cohorts declined slightly. The share of households led by those between 35 and 44 was little changed, dipping slightly from 22.9% to 22.7%. Those between the ages of 45 and 54 fell from 19.2% to 17.7%, while the 55 to 64 age group declined from 16.6% to 14.2%.

The growth seen in Austin, Round Rock and San Marcos across different age groups helped keep demand strong for a variety of housing categories that cater to the needs of the disparate groups.

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“When only one age group drives the market, demand tends to be concentrated in a single segment, demand tends to be concentrated in a single segment. But when young adults, families, and older households are all growing that the same time, housing demand becomes stronger across multiple price points and housing types,” Evangelou explained.

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“Here is why: Starter homes remain in demand. Move-up homes stay competitive. Downsizing options matter more,” she added.

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Tax refunds may be delayed this filing season in several states

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Social Security faces trust fund insolvency, benefit cuts in 2032: CBO

Taxpayers in several states may face delays in receiving their tax refunds this filing season amid changes in tax policies as well as the processes for filing returns.

Tax refunds are issued to taxpayers when the amount of taxes they paid over the course of the year is greater than the amount of liability based on their return after deductions or credits are applied. Refunds are issued by the IRS at the federal level, while state revenue agencies distribute refunds based on their policies.

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This tax season’s refunds have been larger following the enactment of the One Big Beautiful Bill Act (OBBBA) at the federal level, which extended lower tax rates that were set to expire and also created new deductions that required the IRS and Treasury Department to implement new rules for handling them.

Several states have informed taxpayers that their state-level tax refunds may be delayed this tax season for a variety of reasons, including the need to update tax forms and systems to account for OBBBA’s changes at the federal level. Many taxpayers rely on the financial boost of a tax refund check to help shore up household budgets or for special expenses.

HOW TO AVOID TAX SCAMS THIS FILING SEASON

A couple prepares their taxes at a kitchen table.

A couple works on their tax forms as tax season officially opens. (Getty Images)

Taxpayers in New York who filed early this tax season may face processing delays due to the timing of software updates that were installed in early February, which could leave some taxpayers in a “processing loop” according to a report by Kiplinger

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Federal tax policy shifts and the state of New York’s inflation refund checks that were disbursed late last year may not have been accounted for prior to the software update.

Idaho’s budget office announced last month that tax refunds may be delayed up to six weeks this filing season due to several factors. 

The agency noted that Idaho cut the budgets of most state agencies in the last two years, which has left the state government with fewer temporary workers who can assist with processing tax returns. Idaho also enacted a law last month that retroactively added similar tax breaks from OBBBA to the state tax code, including the deductions for tipped income and interest on new car loans.

AMERICANS SEE BIGGER TAX REFUNDS SO FAR THIS YEAR AS FILING SEASON BEGINS AT A SLOWER PACE

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Tax forms and filing software had to be updated after the OBBBA was enacted, as well as to account for state-level changes. (iStock)

Oregon announced that taxpayers who filed paper returns won’t see their refunds until early April because the state Department of Revenue won’t begin processing paper returns until the latter part of this month.

The agency said there was a delay in receiving tax forms from the IRS that pertained to tax law changes under OBBBA, while it also adopted some of the law’s policies at the state level, such as a larger standard deduction and a deduction for overtime pay.

Those changes have prompted changes to tax forms and the agency’s tax return processing systems for paper returns. Oregon’s Department of Revenue is encouraging taxpayers to file electronically this season to avoid delays.

HERE’S WHEN TAXPAYERS WILL GET THEIR REFUNDS

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Donald Trump celebrates 'big, beautiful bill'

President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, 2025. (Tom Brenner For The Washington Post via Getty Images)

South Carolina taxpayers are facing complications after the legislature didn’t update some of its state-level tax provisions to account for the OBBBA, meaning some federal provisions are accounted for at the state level. 

The discrepancy created issues with tax software programs trying to correctly calculate manual “add backs” of federal tax breaks on returns, which led to delays and may require some filers to submit an amended return.

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Taxpayers in the District of Columbia may face refund delays due to Congress overturning a D.C. tax law that had created a divergence from OBBBA provisions in federal law. Those changes prompted a software update in February, which could require some filers to re-file their returns after forms have been revised.

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Which Aussie City Snagged the Top Place?

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Melbourne

Time Out has released its annual 50 Best Cities in the World list, and for 2026, three cities in Australia made the cut.

In fact, one of these three Aussie cities has been declared the best city on the world. Can you guess what it is?

Melbourne is Time Out’s Best City in the World for 2026

Yes, you read that right. Melbourne is this year’s best city in the world, according to Time Out. It climbed up from its fourth-place finish last year.

“Melbourne’s coolest streets and neighbourhoods are filled with gems, from indie cinemas and rooftop bars to vinyl shops and quirky galleries,” said Time Out.

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“And don’t let anyone tell you Melbourne is all personality over looks – we’ve got grand, heritage-listed buildings, laneways lined with colourful murals, world-class gardens and a river (the Yarra) that holds deep spiritual and cultural significance for local Indigenous communities,” it added.

Sydney Places 21st

Joining Melbourne on the list is Sydney, which ranks 21st on the list this year.

“Sydney is renowned for its natural beauty, but if you peel back the layers that make it one of the prettiest cities in the world – the harbour, beaches, bushwalks – you’ll find a trove of qualities that cement Sydney as one of the most exciting places, too,” Time Out said of the city.

Armed with green spaces and great food, Time Out says that any time is the best time to visit Sydney.

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Adelaide Places 29th

Last and definitely not the least, Adelaide likewise made it to this year’s 50 Best Cities in the World list.

Time Out points out that Adelaide has been hailed as a “UNESCO City of Music” as well as a foodie destination thanks to its Central Market.

“Tucked between vine-laced hills and a wild stretch of coastline, this compact capital delivers big on dining, culture and pretty landscapes,” Time Out said.

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Former Boss chief Duncan Craib sues HotCopper for defamation

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Former Boss chief Duncan Craib sues HotCopper for defamation

Former Boss Energy chief Duncan Craib has sued HotCopper after the forum operator allegedly refused to take down defamatory posts.

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Rupee hits record low of 92.35 vs dollar as oil surge pummels Asian assets

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Rupee hits record low of 92.35 vs dollar as oil surge pummels Asian assets
Indian assets dropped on Thursday and the rupee fell to a record low, as a fresh surge in crude oil prices reignited worries over ‌the ⁠economic impact ⁠from energy supply disruptions even as the currency’s fall was cushioned by central bank intervention.

Brent crude oil prices climbed to $100 per barrel as Iran stepped up attacks on oil and transport facilities across the Middle East, warning the ⁠world to ‌brace for oil at $200 a barrel.

The rupee fell 0.3% to 92.3575, eclipsing its previous ⁠lifetime low of 92.3475 hit earlier in the week.

India’s benchmark equity index Nifty 50 fell about 1%, the yield on the benchmark 10-year bond rose 4 bps, and the rupee averted a fresh record low largely on the back of ‌central bank intervention, traders said.

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Asian currencies weakened across the board, while MSCI’s gauge of regional stocks fell more ⁠than 1.5%.


“We expect the RBI to intervene in 92.30-92.35. However if Brent continues to remain elevated for a couple of sessions, the RBI may have to let the rupee go,” said Abhishek Goenka, chief executive at FX advisory firm IFA Global.

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Analysis-Airline hedging strategies fall short as jet fuel price surges

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Analysis-Airline hedging strategies fall short as jet fuel price surges


Analysis-Airline hedging strategies fall short as jet fuel price surges

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Air New Zealand to cut flights as fuel price surge wreaks havoc on travel

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Air New Zealand to cut flights as fuel price surge wreaks havoc on travel


Air New Zealand to cut flights as fuel price surge wreaks havoc on travel

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Dow: Turnaround Is Taking Shape, But Much Of The Optimism Is Priced In

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Dow: Turnaround Is Taking Shape, But Much Of The Optimism Is Priced In

Dow: Turnaround Is Taking Shape, But Much Of The Optimism Is Priced In

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Modco founder Yusuf Khan pursued for $7m tax debt

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Modco founder Yusuf Khan pursued for $7m tax debt

The tax office is pursuing the founder of collapsed builder Modco Residential, Yusuf Khan, over almost $7 million in alleged unpaid taxes, interest and penalties.

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US firm buys Jera out of Gorgon, Icthys

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US firm buys Jera out of Gorgon, Icthys

Japan’s largest electricity producer has agreed to divest stakes in the Gorgon and Ichthys LNG projects to US-based MidOcean Energy for an undisclosed sum.

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Florida drought deepens strain on citrus industry as growers battle costs, disease

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Florida drought deepens strain on citrus industry as growers battle costs, disease

Florida citrus grows inside a protective screen in Bartow, Florida. (FOX News)

BARTOW, Florida – Florida is facing its worst drought in 25 years, intensifying pressure on a citrus industry already battered by disease, hurricanes and rising costs.

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According to the U.S. Drought Monitor, 100% of the state is experiencing some level of drought, with more than 75% in extreme drought conditions. The dry spell is adding new financial strain for growers who rely heavily on irrigation to sustain crops.

Florida accounts for 17% of the nation’s citrus production, according to the Florida Department of Agriculture and Consumer Services. For many communities, the industry remains a key economic driver.

“There are multiple companies across our county and across our state, and it’s definitely a lifeline to a lot of Floridians here,” said Jennifer Schaal, VP of finance at Dundee Citrus Growers Association. “It’s what they depend on.”

USDA CREDITS TRUMP TRADE DEALS AS AGRICULTURAL DEFICIT SHRINKS, FARM SECTOR GAINS GROUND

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Grapefruit on a citrus grove

Florida produces nearly 20% of the nation’s citrus crop, including grapefruit. (FOX News / Fox News)

However, nature has been anything but dependable for Florida farmers.

Back in 2000, the state’s citrus industry covered over 800,000 acres. Today, that figure has fallen to just over 200,000 acres, according to the U.S. Department of Agriculture, reflecting years of disease pressure and storm damage.

“The number one challenge the industry has had over the years is citrus greening disease,” said Steven Callaham, executive vice president and CEO of Dundee Citrus Growers Association. “And then on top of that challenge, we’ve experienced numerous hurricanes.”

RECENT HURRICANES CAUSE FLORIDA CITRUS PRODUCTION TO FALL AS FARMS WORK THROUGH DAMAGE

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Recent freezes and now drought conditions have compounded those pressures.

“When you irrigate, it requires a pump that is either powered by diesel or it’s powered by electricity, and it gets very, very expensive,” explained Callaham.

Dundee Citrus Growers Association is one of the largest fresh fruit cooperatives in the state of Florida, harvesting citrus from over 10,000 acres. 

“It’s been challenging over the last year,” added Bill Bohde, director of agronomy at Dundee Citrus. “During the bloom period, water is critical. It determines how well the fruit sizes and ultimately, you know, how large your crop will be.”

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Dundee Citrus Growers uses CUPS

The Dundee Citrus Growers Association utilizes pods to grow citrus under a protective screen in Florida. (Amy Galo / Fox News)

As citrus acreage dwindles throughout the state, the company has found a solution to nature’s many obstacles with something called “CUPS,” or Citrus Under Protective Screens. 

Orange groves are planted under 10-acre white tent structures, also known as pods. Originally installed to prevent disease in citrus plants, the structures are also helping growers better manage soil moisture during the historic drought.

CITRUS INDUSTRY HAS BEEN PUT ‘BACK ON ITS HEELS’: MATT JOYNER

“Everything is pumped through a series of pipes into this black tubing, and every tree has a very small emitter that puts, you know, puts out an amount of water,” explained Bhode.

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The system allows for precise irrigation, creating a controlled environment that can support fruit production even during prolonged dry spells.

Citrus in a pod

Citrus fruit plants thrive under a protective screen in Bartow, Florida. (Amy Galo)

“This ten-acre pod will produce between 8,000 and 10,000 boxes per pod,” said Callaham. “The trees in this environment, they’re happy. They grow faster than trees do in traditional outdoor groves, and they come into production quicker. So it’s one way that we can really get the industry back on track.”

USDA production data show mixed results across citrus categories. Florida lemon production increased 4% from last season, while tangerine and tangelo output was unchanged. Grapefruit production declined 8%, and non-Valencia orange production fell 2%, according to the agency.

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“If I wasn’t optimistic, I would not be in the citrus business,” said Callaham. “So I think we have a lot of positives going for us right now, you know? The challenges we have are temporary. We’re going to make it through.”

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