Monday, November 18, 2013

Mobility Rate Falls Again

Fewer Americans moved in 2012-13 than in 2011-12, and the mobility rate also fell. With the housing market awaiting the return of the mobile American, the numbers released by the Census Bureau today are not good news.

Only 11.7 percent of people aged 1 or older moved between March 2012 and March 2013, a mobility rate that is close to the all-time low of 11.6 percent recorded in 2010-11 and below the 12.0 percent of 2011-12. The number of people who moved fell by 430,000 between 2011-12 and 2012-13. Here are geographical mobility rates since 2006-07, before the start of the Great Recession…

2012-13: 11.7%
2011-12: 12.0%
2010-11: 11.6%
2009-10: 12.5%
2008-09: 12.5%
2007-08: 11.9%
2006-07: 13.2%

Source: Census Bureau, Geographical Mobility: 2012 to 2013

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