Posted by: phillipsre | October 3, 2013

Americans are Moving Less

movingAmericans are moving less than they used to. The percentage of Americans moving each year has dropped from 20 percent during the 1950s and 1960s, down to about 14 percent before and during the 2000s housing bubble, and then to a low point of 11.6 percent in 2011. The drop in mobility means that Americans are staying in the same house longer between moves: from 5 years, on average, in the 1950s and 1960s, to about 7 years before and during the bubble, and 8.6 years in 2013.

This article from The Atlantic Cities, provides a lot of information on the trends of why people are moving less and how these changes have shifted over the years. What is interesting is that there are still plenty of new apartment buildings and condominiums being built and it seems there are a lot more For Sale signs going up.  Overall it seems the recovery is having a mixed effect on American mobility. As the job market picks up, more Americans will move, particularly longer-distances, but the job recovery is still slow. Furthermore, fewer people are on the move for cheaper housing.

Below is a 2011 US Census map showing state-to-state moves, a trend that indicates moves for better jobs, for more info check out this link.

census_map

 

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