Moving Industry Trends: 2014 in Review and 2015 Forecast

published by on December 15, 2014Before You Move Tips

Couple carrying boxes

As the housing market continues to recover, MovingCompanyReviews.com anticipates that competition within the moving industry will intensify, due to an increasing number of home sales. According to the National Association of Realtors, home sales are expected to be higher in 2015 and this growth in home sales  will benefit both buyers and sellers, as improvements in inventory, slower price gains and pent-up demand contribute to the trend.

MovingCompanyReviews.com (MCR), a site that connects consumers with reliable moving companies, identified 2014’s moving industry trends and predicts how housing trends will impact the moving industry in 2015.

Moving on up

According to MCR data, 2014 was a year of expansion as consumers moved into larger sized homes. The median square footage of homes consumers moved from was 1,100 square feet, and moved into homes that were a median of 1,728 square feet.

On a national level, consumer moving trends indicated:

MCR3

 

On the move

According to MCR data, out of state moves make up approximately 20% of moves on the site. In 2014, the top five states where the most consumers moved from were:

MCR1

In 2014, the top five states where the most consumers moved into were:

MCR2

Preparing for 2015

As home sellers, buyers and renters prepare for 2015, hiring professional movers is likely to be on their moving checklists. MCR anticipates the five below trends will be prevalent in the moving industry in 2015.

1) Mover availability will be tight in spring and summer months. 2014 was the strongest move season in years according to MCR’s moving company customer feedback. This increase resulted in a nationwide truck driver shortage, making it difficult for consumers to book the move dates they wanted. Consumers can expect this same problem in 2015 and should book a moving company as soon as they know their moving date. The average person books their mover only two weeks in advance, so beating that timeframe means consumers will have a better chance of getting the date they want. This is particularly important between Memorial Day and Labor Day, with moves peaking in August.

2) Major metros are still hot. In 2014, MCR reported the most moves in the nation’s largest cities, including Chicago, Atlanta, Houston, Denver and Dallas. Continued urban population growth and the return of post-recession new construction will continue to fuel moves in these cities. For consumers looking to move in these cities, MCR advises to book a mover at least one month in advance.

3) Interstate moves will expand to smaller cities. MCR anticipates growth in some of the mid-size cities that are joining the trend of urban development, with investments in jobs, housing, retail and dining. The 2015 Emerging Trends in Real Estate report, published by PwC and Urban Land Institute, lists Charlotte, Raleigh-Durham and Nashville as “markets to watch”. MCR data identified a healthy number of moves in these cities in 2014 and expects the trend to continue into 2015.

4) Square footage will remain flat. According to MCR data, 2014 saw an upgrade in home sizes, by a median of 628 square feet. MCR does not expect any more significant upgrades. While the economy is improving, the rental market is still strong.

5) Mover scams are still a threat but more controlled. 2013 and 2014 saw the rise of illegitimate companies that preyed on unsuspecting consumers. These individuals and companies marketed to consumers looking for the lowest price, and then scammed them by drastically increasing the rate at the point of delivery or even holding goods hostage. In 2014, the American Moving and Storage Association (AMSA) and state moving associations made significant efforts to educate consumers on how to choose a vetted, licensed mover. Using a site like MovingCompanyReviews.com helps consumers understand the industry rules and regulations and identify the licensed movers with verified reviews from real consumers.



7 Comments

  1. misshapen

    15 March, 2015 9:12 pm

    Thanks on your marvelous posting! I certainly enjoyed reading it, you may be
    a great author.I will be sure to bookmark your blog and will come back at some point.
    I want to encourage you continue your great job, have a nice holiday weekend!

  2. Kevin Payne

    18 March, 2015 2:28 pm

    This article proved to be very insightful and provided some great tips about areas that are experiencing great growth. I find it interesting that Washington, D.C. and Northern Virginia weren’t mentioned due to the tremendous growth their. As well it’s seemed unaffected by the economic conditions for the most part.
    http://craigvanlines.com/population-growth-fredericksburg-is-booming

  3. Man With Van Barnes Ltd.

    25 March, 2015 10:51 am

    Very useful information! As professionals it is really important to stay informed for the new trends in the business! Thumbs up for the post! Greetings!

  4. Johanna

    6 April, 2015 8:17 am

    Really interesting post! Thumbs up! :)

  5. Brian Myers

    7 November, 2015 8:43 am

    Great post! We love seeing industry data like this shared. It’s something we are working on putting together for our moving company in Chandler, AZ

  6. Scott Smith

    9 February, 2016 9:44 pm

    Awesome post, would love to see something updated with how 2015 went.

    • Heather Rohrer

      29 February, 2016 9:28 am

      Thanks for your feedback, Scott! We’ll work on getting our 2015 review out to you with an updated 2016 forecast.

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