U-Haul transactional data confirms that migration to the Southeast and Southwest U.S. – trends that were amplified and accelerated during the pandemic – continued through last year, although overall DIY moves slowed slightly in most states from the record-breaking number of moves in 2021.
Demand for equipment out of California, Illinois and New York remained strong in 2022, as more people opted to leave areas of the West Coast, Northeast and Midwest. California and Illinois ranked 50th and 49th, respectively, on the U-Haul Growth Index for the third consecutive year, meaning those states saw the greatest net losses of one-way U-Haul trucks.
Texas is the No. 1 growth state for the second consecutive year and the fifth time since 2016. Florida, which ranks second, has been a top-three growth state seven years in a row.
South Carolina, North Carolina, Virginia, Tennessee, Arizona, Georgia, Ohio, and Idaho round out the top 10 growth states. Virginia and Alabama are the biggest risers, climbing 26 spots from their respective 2021 rankings.
I comment on timely news every day.... so subscribe below.
To get the updates right to your inbox with links, signup for the weekly newsletter at www.thelimitedpartner.com/news, and I'll make sure you are getting the timely information you need to make better decisions earlier. www.thelimitedpartner.com/news.
