Relocation statistics from recent years show some interesting trends. If you are considering a move in the near future, Hillwood Communities wants you to have all the information you need to make a more informed decision. One of the Hillwood Communities in Texas could be the ideal location for your next home.
Relocation Industry Statistics
Moving trends from 2020 reveal that almost 20% of American households reported moves last year. The moving industry reported an uptick in household moves largely due to the COVID-19 pandemic. About one-third of those surveyed reported that they made an unplanned moved in 2020 and nearly half of all recently moved households said they moved due to the health crisis.
More than half of those who moved last year were between the ages of 25 and 44. About 80% of the moves that occur in the U.S. each year happen between April and November, with the most moves occurring in August and September for 2020.
Reasons For Moving
How do moving trends differ for homeowners vs renters? Relocation industry statistics show that the housing market has been in good shape for the last few years, and many renters are becoming first time homebuyers. More than 60% of the people who moved in 2020 were renters and about 35% of the people who moved during last year claimed that buying their first home was a major factor in their decision to move.
How Often Do People Move?
How many times does the average American move? The U.S. Census Bureau reports that the average American moves about 11 times during their lifetime, but the COVID-19 pandemic has likely caused an increase in moves for homeowners and renters of this generation.
So, how many people move each year compared to how many moved in 2020? The COVID-19 health crisis certainly altered typical relocation trends for the past year. The pandemic caused many Americans to move to find new job opportunities, live closer to relatives, or secure more affordable housing.
States Where People Are Moving To and From
Where are Americans moving to and what is the most moved to state? Moving statistics from 2020 reveal that a few states were among the most popular destinations for movers while other states saw residents leave in droves. Some experienced both. For example, California saw the most residents move out of the state in 2020, but California was also the third most popular destination among U.S. movers. Florida saw the largest influx of new residents.
Relocation trends show that people moving in the U.S. tend to stay relatively close to where they previously lived. More than 70% of people in the U.S. move and tend to settle down close to where they grew up. According to available data, women are more likely to relocate away from their home state than men by a relatively small margin.
Moving industry data for 2020 shows that Texas has become one of the most popular destinations for Americans to move to and that many former Californians choose to become Texans. Texas offers substantial benefits for Americans from all walks of life, including a pleasant climate, relatively low taxes, and a thriving economy with lots of job opportunities across multiple sectors.
Ready To Make A Move Of Your Own?
Are you thinking about relocating in the near future? If you want to join the recent moving trends and find a new place to live in Texas, Hillwood Communities offers some of the best housing options in the country. Our beautifully designed master-planned communities feature move-in ready homes and lots where you can build your dream home in a welcoming community. If you are ready for a change, contact Hillwood Communities today and learn more about what we have available.