On the left of the image is downtown Memphis. On the right is the Mississippi River. And in the middle is, well, a bunch of elevated highways.
It’s a powerful image regardless of where you happen to be from. But if you’re from Toronto, you might know why I’m posting it today.
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One of the ways to try and keep tabs on where people are moving is to look at the number of permanent address changes. Another way is to look at the number of one-way U-Haul trucks that enter versus leave a particular state. And it turns out that if you're U-Haul, you do care to track where all of your trucks are going. Each year in the United States there are about 2 million one-way truck transactions.
Looking at the data from 2020, the top inbound destinations -- that is, the states that had the largest net gain of one-way U-Haul trucks -- were (1) Tennessee, (2) Texas, and (3) Florida. This is a big jump for Tennessee as it was 12th in 2019. Texas and Florida, on the other hand, were similarly in the top three last year. In last place on this list is California, meaning that it had the largest net loss of one-way U-Haul trucks leaving the state.
Overall, this data continues to reinforce a shift that is taking place toward more affordable housing markets, such as those in the southern United States.
One of the ways to try and keep tabs on where people are moving is to look at the number of permanent address changes. Another way is to look at the number of one-way U-Haul trucks that enter versus leave a particular state. And it turns out that if you're U-Haul, you do care to track where all of your trucks are going. Each year in the United States there are about 2 million one-way truck transactions.
Looking at the data from 2020, the top inbound destinations -- that is, the states that had the largest net gain of one-way U-Haul trucks -- were (1) Tennessee, (2) Texas, and (3) Florida. This is a big jump for Tennessee as it was 12th in 2019. Texas and Florida, on the other hand, were similarly in the top three last year. In last place on this list is California, meaning that it had the largest net loss of one-way U-Haul trucks leaving the state.
Overall, this data continues to reinforce a shift that is taking place toward more affordable housing markets, such as those in the southern United States.
