By Dees Stribling | Multi Housing News
Between 2015 and 2016, 11.2 percent of the U.S. population moved, according to the recently released results of the Census Bureau’s 2016 Current Population Survey Annual Social and Economic Supplement. That’s the lowest one-year mover rate ever reported by the bureau, which began tracking migration in 1948. At that time, moving was more common, as demonstrated by an annual mover rate of 20.2 percent.
That fact that Americans are more hesitant to change their residences now than they used to be probably has a number of root causes, some relating to the recession. In any case, that’s both good and less-than-good news for various parts of the real estate industry. It’s good for apartment owners, for instance: their tenants are sticking around longer.
