As Economic Recovery Falters, More Americans Stay Put

According to Jed Kolko, Trulia’s Chief Economist, recent census mobility figures reveal the mixed nature of America’s economic recovery.

The data indicate that while the number of Americans moving to a new home rebounded in 2012, the change didn’t last. The 2013 figures are almost down to the recession’s low point, reached in 2011.

A closer look at the numbers shows what is and isn’t getting better. During the recession, most everyone put off moving--except for those Americans looking for cheaper housing. In 2013, fewer people moved for that reason, and more relocated for a new job or to upgrade their living situation.

“As the recovery continues, we should at least see an increase in longer-distance moves,” which tend to accompany job growth, Kolko writes. “[B]ut with the many-decade decline in mobility, it’s unclear when or if mobility will return to pre-bubble levels.”

Full Story: Americans Aren't Yet Back on the Move

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95