Summary
Last year, only 11% of Americans moved to a new home, which is the lowest number since records began in 1948. This decline in moving is linked to economic factors and changes in community rules that discourage people from relocating.
Key Facts
- In 2024, about 11% of people in the US moved to a new home.
- This is the lowest moving rate since 1948.
- Moving rates were higher in the 1960s at around 20%.
- New Jersey and New York had the lowest moving rates, around 8-9%.
- States like Alaska, Oklahoma, and Colorado had higher moving rates, around 14%.
- Many people who did move went to different cities or states seeking affordable housing, better jobs, or climate resilience.
- Wyoming and New Hampshire had the highest percentage of new residents from other states.
- Communities with fewer moves can experience slower wage growth and reduced economic flexibility.
