While nearly half of Americans move for housing-related reasons (48 percent), the percentage has fallen from its peak of 52.8 percent in 2004. Both job-related (19.4 percent) and family-related (30.3 percent) reasons have been on the rise over the past 15 years according to a report released recently by the Census Bureau.
Among the 36 million people 1 year and over who moved between 2012 and 2013, 5 percent says the most important reason for moving was to be closer to work or for an easier commute, while another 8 percent cited the desire for cheaper housing. The most common reasons for moving in 2013 were “wanted new or better home/apartment,” “other housing reason” and “other family reason.”
The reasons Americans move have changed over time. In 1999, 3 percent moved to be closer to work or for an easier commute and 6 percent wanted cheaper housing while 21 percent of respondents “wanted [a] new or better home/apartment.” This reason declined to 15 percent in 2013 and was not statistically different from the “other family” reason.
“We asked people to select the reason that contributed most to their decision to move. Picking one reason can be difficult as moves are often motivated by many different, and oftentimes competing, factors,” says the report’s author, David Ihrke, a demographer in the Census Bureau’s Journey to Work and Migration Statistics Branch. “For instance, if one’s primary reason for moving is to be closer to work or having an easier commute, they may have to sacrifice other preferences. This could include forgoing cheaper housing options or settling for a different neighborhood. If they mainly want cheaper housing, they may have to deal with a longer commute.”
For people who moved from one county to another, moving because of a job-related reason rose with the distance of the move: Twenty-three percent of moves less than 50 miles and 48 percent of those 500 miles or more. Moving for housing-related reasons showed change in the opposite direction, comprising 42 percent of shorter distance moves and 18 percent of longer distance ones.
The data are analyzed by a range of demographic characteristics, including age, sex, race, Hispanic origin, educational attainment, marital status, labor force status, type of move and distance moved.
For more information, visit http://www.realestateeconomywatch.com.
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