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Updated over 6 years ago on . Most recent reply

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Jason Malabute
  • Accountant
  • Los Angeles, CA
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net migration of a market

Jason Malabute
  • Accountant
  • Los Angeles, CA
Posted

Where can I  find a good and free resource for determining the net migration rate (people moving in vs people moving out of a market)? I think Census only shows population growth but not net migration. Please correct me if I am wrong. Thank you  

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Ronald Rohde
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#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
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Ronald Rohde
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#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Dallas, TX
Replied

U Haul posts good net moves

U-Haul Growth States: Texas Remained No. 1 in 2017

Arrivals accounted for 50.3 percent of the Lone Star State’s one-way truck traffic

PHOENIX, Ariz. and HOUSTON, Texas (Jan. 8, 2018) — Texas continued its reign as America’s No. 1 Growth State during 2017, according to U-Haul data analyzing the past year’s U.S. migration trends.

Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.

Florida, Arkansas, South Carolina and Tennessee rounded out the top five, and North Carolina was seventh, continuing a strong growth movement in the Southeast. California overtook Illinois on the list as the biggest net-loss state.

Texas year-over-year arrivals of one-way U-Haul truck rentals rose 1 percent while departures climbed 3 percent from the 2016 numbers. Some of the state’s increase in overall U-Haul transactions can likely be attributed to an active hurricane season.

Despite a larger year-over-year increase in departures, arriving trucks still accounted for 50.3 percent of all one-way U-Haul traffic in Texas to maintain its status as the top net-gain state. Texas secured the No. 1 growth ranking for 2016 after settling for the No. 39 spot for 2015.

While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well states and cities are attracting and maintaining residents.

McKinney, Prosper, College Station, Temple and Kaufman paced Texas’s net gain of one-way U-Haul trucks. Austin, Midland, Pflugerville, New Braunfels and Irving were among other notable cities to post strong net gains.

“We say that everything is bigger in Texas, and you’ve heard the slogan ‘Texas Strong’ during the (Hurricane Harvey) recovery,” said Matt Merrill, U-Haul Company of West Houston president. “We’re not waiting for anyone to come with handouts. Everybody is helping everybody. We know that it happened and we know what we went through. But you wouldn’t be able to go through today and see that a hurricane hit. The recovery has been handled well.”

U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from more than 21,000 U-Haul locations provides a comprehensive overview of where people are moving like no one else in the industry.

The arrival of U-Haul Truck Share 24/7 is revolutionizing the moving industry through its more convenient, more secure way to pick up and return a truck. U-Haul live verification technology allows rental transactions to be carried out entirely on a smartphone at any hour – day or night. There are no membership fees. Simply visit uhaul.com to create an online account.

U-Haul Growth State Rankings for 2017

  1. Texas
  • Ronald Rohde
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