Homebuyers on the move: interstate migration has begun to surge again

Interstate migration has begun to surge again

Americans are moving to new homes in new states again, reflecting the pattern that was prominent before the recent economic downturn. This article from Wendell Cox, Contributing Editor for New Geography, highlights the regions and states that are seeing the most interstate migration.

The 2015 state population estimates, recently released by the Census Bureau, indicate that interstate annual migration has begun to surge again. Between July 1, 2014 to June 30, 2015, up to 0.24% of US residents have migrated, returning to levels not experienced since the early 2000s. Interstate migration was just below the 2004 level of 0.25%, but trailed the much higher 2005 and 2006 levels (0.31% and 0.42%). By 2011, after the devastation of the housing bust and the Great Financial Crisis, interstate migration fell to 0.13% (Figure 1). In 2015, 763,000 US residents made interstate moves, the fifth highest figure since 2000. This was well below the peak of 1,251,000 in 2007 and well above the trough of 412,000 in 2011.

As opposed to those who claimed the Recession changed migration patterns, it turns out that domestic migrants are moving to just about the same places they did before. They continue to move principally to the South and, to a secondary degree, to the West. The South has gained 5.6 million domestic migrants, followed by 0.8 million in the West. The Northeast has lost 3.7 million domestic migrants, while the Midwest has lost 2.7 million.

By far the most net domestic migration has been to the South Atlantic division, which stretches along the Atlantic coast from Delaware to Florida and includes West Virginia. The South Atlantic has added 3.8 million net domestic migrants since 2000. This is approximately double the 1.9 million gain of the Mountain division, which includes Western states that do not have a Pacific coast. The West South Central division, which includes Texas, added 1.4 million net domestic migrants, while the East South Central division, stretching from Alabama and Mississippi to Kentucky added 400,000 net domestic migrants.

Overall, eight states gained net domestic migrants in all 14 of the years since 2000. Of these, Arizona had the largest percentage gain, at 16.5%. However the greatest percentage gain was in Nevada, at 21.5%. However, Nevada had net domestic migration gains only in 12 years, having experienced declines in the years immediately following the housing bust.

Florida had the largest net domestic migration numeric gain at 1,793,000, but like Nevada suffered two years of net domestic migration losses following the housing bust. Overall, 20 states have experienced net domestic migration gains over the period since 2000.

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