Pandemic brings lower rates of moving than ever before

New analysis of Current Population Survey data shows that despite the pandemic-era narrative of people fleeing COVID-19 and becoming untethered from their physical worksites, just 8.4 percent of Americans moved houses in the past year, lower than in any of the prior 47 years for which data are available. This decline is part of longer-running trend beginning in the 1960s, in part due to the mobility-limiting factors of greater career connectedness among women and an aging population. The report cites high housing costs (including rentals), underemployment, and demographic stagnation as all contributing to the present mobility decline and warns of the potential for these larger forces to reduce the competitiveness of American housing and labor markets moving ahead.

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