The moving industry's growth rate has been around 3 percent per year since the Great Recession ended. As more and more people move in search of a good life, there is reason to hope that, as households strive to improve their social and economic well-being, this prosperity will reach the communities they call home. However, these interest rates should stabilize and are expected to fall over time, and experts generally agree that housing prices will continue to fall. What that means for moving remains to be seen.
Nearly all economic indicators, including gross domestic product, measures of price indices, inflation, interest rates, employment, and consumer confidence, greatly influence and are heavily influenced by mobile trend data. Whether you're ready to move now or are planning a move for the future, talk to one of the experts at CREA United, a collaborative group of commercial real estate firms representing all disciplines of the commercial real estate sector. These types of moves will continue, in part, as people seek more affordable housing as prices continue to rise. For example, the increase in temporary moves and the exodus from large cities to suburban areas.
Another trend that was observed was that, in the last five years, almost 16% of the people who moved left their states of residence, which, strangely enough, is close to the levels recorded in the 1980s. Pew Research Center: “Americans are moving at historically low rates, in part because millennials are staying there.
Moving companiesthat specialize in commercial removals have equipment and tools specifically designed to move bulky office equipment safely and securely. Although, given the large number of people migrating long distances, it seems that everyone is leaving, in reality, most of the moves take place locally.
Overall, nearly 60% of people who moved locally stayed within county limits, while nearly a quarter left the county but stayed within their states. According to the Office Moving Institute, office removals have become an important source of business, with an average gross profit margin of 50% and a less skilled workforce than that required for residential moves. Curiously, metropolitan centers saw a drop of nearly 5 million people moving to the suburbs. The government does not officially record emigration numbers: according to the census, an estimated 9.4 million Americans live abroad, and the percentage of people who move from the country each year is between 2% and 2.5% of the total.