U-Haul annual survey shows Sacramento-Roseville hottest U.S. migration area for 2018
https://www.elkgrovenews.net/2019/01/u-haul-annual-survey-shows-sacramento.html
California as a whole shows out-migration however |
Showing the effects of Bay Area housing prices, the Sacramento-Roseville metropolitan statistical area, which includes Elk Grove, was the leading growth city in America last year, according to an annual U-Haul® study analyzing U.S. migration trends for 2018.
The U-Haul Growth Cities are calculated by the net gain of one-way U-Haul trucks entering a city versus leaving that city during a calendar year. The Migration trends are compiled from more than two million one-way U-Haul truck sharing transactions that occur annually.
"This market is an attractive option for those who have been priced out of the Bay Area," Aaron Anderson, U-Haul Company of East Sacramento president said. "There has been out-migration from parts of the Bay Area in recent years, but many movers are remaining in-state because they can find affordability in Sacramento and Roseville. Commuters can be 90 minutes from their [Bay Area] jobs and enjoy close-knit communities."
For 2018, U-Haul statistics showed the other top five growth cities to be Spring, Texas; Manhattan, N.Y.; Harrisburg, Pa.; and the Grand Rapids/Wyoming, Mich., market. New York City boroughs are listed independently for migration trends purposes, and neighboring cities like Sacramento and Roseville are compiled together in some markets due to their proximity.
While Sacramento was in the top five, other California cities showing strong growth included San Francisco (6); Palm Springs/Cathedral City (14); Davis (16); Temecula (19); and Concord (24). On the flip side, while the Sacramento area was popular with Bay Area transplants, California as a whole ranks 48th, indicating out-migration from the state.
Texas, Florida, South Carolina, Utah, and Idaho were the top five most popular states for internal migration.
Texas, Florida, South Carolina, Utah, and Idaho were the top five most popular states for internal migration.
Posts
3 comments
You can bet the Elk Grove City Council and the economic development department will be crowing or about this or some facsimile at some point in time. Before people buy into their narrative, they should think twice - the movement of people from the Bay Area to the Sacramento areas is more akin to rearranging chairs on a foundering ship.
If we are to interpret the fact that California is overall losing residents (near the bottom in the U-Haul study) while the Sacramento area has the highest growth, it just means those priced out of the Bay Area are flocking to the Central Valley. As noted in the story, they live here, but continue commuting to Bay Area employment centers.
For our local economic development gurus at city hall, their hopes of attracting big-time employers are nil. Oh sure, we will get some more retail jobs and maybe a few more Costco stores, but no big-time employers like they would like you to believe.
If we take stock in this and other studies, the major job gains are in Texas, Utah, Idaho, Florida and South Carolina - not the Central Valley.
Capt. Willard writes:
"For our local economic development gurus at city hall, their hopes of attracting big-time employers are nil. Oh sure, we will get some more retail jobs and maybe a few more Costco stores, but no big-time employers like they would like you to believe".
The Captain assumes that the "economic gurus at city hall" have deep-rooted faith in their employment efforts and would be disappointed if it fizzles.
Other than personal job security concerns they may have, the "gurus" and the leaders they work for fully recognize who butters their bread. Bay Area workers seeking cheap homes in Elk Grove support the local home building industry. The home builders rule the roost, i.e. own our city. Rooftops and retail is just fine for the "gurus", as long as they can tap dance around the anti-sprawl and smart growth advocates, i.e. pull the wool over their eyes!
Mr./ Ms. D.J. Blutarsky - Touché!
On a side note, my use of "guru" was done with a note of sarcasm!
Post a Comment