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Mobility Rate Falls to New Low in 2016

Friday, February 9, 2018

The geographic mobility rate fell to a new all-time low in 2017, according to the Census Bureau. Only 11.0% of U.S. residents aged one or older as of March 2017 had moved in the previous 12 months. Not since 1960 have so few people moved (35 million).

Among people living in owned homes, 5.5% moved from one house to another between 2016 and 2017, above the all-time low of 4.7% recorded in 2011 and 2012. Among people living in rented homes, the mobility rate fell to a new all-time low of 21.7% in 2017.

Mobility Rate in 2017

Total US: 11.0%
Owners: 5.5%
Renters: 21.7%

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5.3 Million More Workers Aged 65-Plus

Friday, February 9, 2018

The number of workers aged 65 or older is projected to grow by an enormous 58% between 2016 and 2026, according to Bureau of Labor Force Statistics' projections. Older workers will account for the 51% majority of the overall 10.5 million increase in the...

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Acadia Hearth Aimed at Specialty Hearth Market

Friday, February 2, 2018

Acadia Hearth, LLC has been formed to offer new lines of hearth and outdoor living products exclusively to the specialty hearth market. The company is part of Acadia Holdings, Cheyenne, Wyoming, a capital investment firm formed by a group of investors...

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Younger Americans Aren’t Moving Like They Used To

Friday, February 2, 2018

Americans are moving at historically low rates. In 2017, 34.9 million Americans changed residences, translating to a household mobility rate of 10.9%. That’s the lowest mobility, or what we’ll also refer to as a “moving rate,”...

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Amazon and Housing: Not a Question of If, But When

Friday, February 2, 2018

This morning's quiz: Which is the bigger deal in its meaning, significance, and ramifications for residential development and construction? Amazon's HQ2 final decision? or yesterday's jaw-dropper announcement that Amazon is teaming up with Berkshire Hathaway...

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