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2017-12-15 Declining Mover Rate Driven by Renters, Census Bureau Reports | By: Fellow GDREIA Members


Declining Mover Rate Driven by Renters, Census Bureau Reports
From the United States Census Bureau

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The rate at which renters moved in 2017 was at a historic low of 21.7 percent, compared to 35.2 percent in 1988, according to new U.S. Census Bureau data released today from the Current Population Survey. However, renters still moved at a higher rate than owners (21.7 percent compared with 5.5 percent, respectively).

“Although renters continued to move at higher rates compared to owners, the decrease in the overall mover rate was partially driven by declining mover rates for renters,” said Charlynn Burd, a geographer with the Social, Economic and Housing Statistics Division. “Housing reasons continued to be the most often cited reason for moving.”

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