People Moving Homes in the US - Life Transitions
According to an article by Eve Thompson of Reston Real Estate, a majority of individuals buy and sell homes as a result of a major life event like marriage, birth of a child, new job or illness. Every year, in their Annual Social and Economic Supplement (ASEC) of the Current Population Survey (CPS), the U.S. Census Bureau surveys the various reasons people move houses in the US. The survey categorizes the life transitions into four main types: family, job, housing and other. According to the 2016 survey, almost 27.7 percent of individuals moved homes due to family, 20.2 percent due to a job, 42.2 percent due to housing and 10.2 percent due to other reasons.
In the 2016 ASEC survey, the main family-related reasons provided by participants were:
* Change in marital status including marriage and divorce (4.8 percent)
* Desire to establish their own household (12.2 percent)
* Other family-related reasons including moving in with other family members, pregnancy, giving birth to or adopting a baby, taking care of a family member, the death of a family member and the desire to move closer to family (10.5 percent)
In the 2016 ASEC survey, the main job-related reasons provided by participants were:
* A new job, job transfer or job relocation (10.8 percent)
* Searching for a job or losing a job (1.5 percent)
* Desire to be closer to the work-place for easier commute (6 percent)
* Other job-related reasons (1.2 percent)
In the 2016 ASEC survey, the main housing-related reasons provided by participants were:
* Desire to own a house instead of renting a house (5.9 percent)
* Desire to own a new or better home or apartment including homes with specific attachments like pools and gardens (17.4 percent)
* Desire to move to a better neighborhood with lower crime rates and better public facilities (3.1 percent)
* Desire for cheaper housing due to financial constraints (8.2 percent)
* Foreclosure or eviction (0.9 percent)
* Other housing-related reasons including completion of the lease period, issues with the landlord, desire to downsize to a smaller house or apartment when children move-out, and searching for housing after being homeless, incarcerated or selling off the previous house (6.7 percent)
In the 2016 ASEC survey, the other reasons provided by participants were:
* Entering into or graduating from college (3.2 percent)
* Desire for a change of climate (0.8 percent)
* Personal or familial health reasons (1.8 percent)
* Other reasons including moving in with non-family members like roommates or cohabitors (4.4 percent)
trends in moving houses
* An analysis of the Census Bureau survey by Livability shows that households with median income of $50,000 and above were 17 to 23 percent more likely to move for job-related reasons than households with median income less than $50,000.
* According to the Movers Development report on the moving trends of 2016, the busiest day for moving was Friday and the busiest months were June, July, and August.
* According to the Movers Development report, 25.2 percent individuals relocated to one-bedroom houses and 23.4 percent to two-bedroom houses.
* According to the Movers Development report, the tops states for relocating were California, Florida, Texas, New Jersey and Illinois.
* According to the Movers Development report, the tops cities for relocating were New York City, Chicago, Houston, Los Angeles and Miami.
In conclusion, the main reasons people move houses in the US are the desire to move to a better house and the desire to establish their own household.