Mobility Rates and Reasons for Moving
We love data about moving because it gives investors a nice snapshot of new and existing market conditions. The Mortgage Bankers Association recently broke down some of the recent mobility rate numbers published by the Census Bureau to examine why fewer Americans are moving.
Moves for employment-related reasons have fluctuated over the last 20 years, but they have remained around seven million per annum. Moves for family-related reasons have fallen in the last five years from over 11 million in 2014 to fewer than nine million. However, the biggest declines are evident for housing-related reasons. These have fallen by approximately nine million from the start of the millennium to 12.6 million today.