Thursday, April 23, 2009

Americans staying put in record numbers

TheDay.com - No place like home as Americans move less: "The number of Americans who moved declined sharply last year, reaching the lowest percentage in 60 years as people grappled with fewer jobs and tighter credit.

Roughly 11.9 percent of the nation's population - or 35.2 million people - moved to a new home, down from 13.2 percent the previous year, according to census data released Wednesday."

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Fred Pilot sent this along. Demographer William Frey has some thoughts about reduced migration to the suburbs, but I'm not convinced that this is anything more than the economic downturn. There is no new housing to move to, no new jobs to move for, and no money to afford moving just for the heck of it. This will change when the economy turns around, I think.

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