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7 Packing Up - Texans on the Move - Texas a&M Housing Study

7 Packing Up - Texans on the Move - Texas a&M Housing Study

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Published by Scott Schaefer

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Published by: Scott Schaefer on Dec 08, 2008
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05/09/2014

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JANUARY 2008PUBLICATION 1847
A Reprint rom
Tierra Grande
Residential Market
 
   T  e  x  a  n  s  o  n   t   h  e   M  o  v  e
By Ali Anari
 
   P  a  c   k   i  n   ’
It
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p
 
 
Table 1. Texas Metro Areas by HouseholdersWho Lived in Different Home One Year Ago
OwnersRentersNumber(Percent)
DallasFort WorthArlington 1,095,92033.8 66.2HoustonSugar LandBaytown 1,015,31133.0 67.0San Antonio336,85335.2 64.8AustinRound Rock324,57529.870.2McAllen-Edinburg-Mission104,807 30.7 69.3El Paso96,90833.766.3KilleenTempleFort Hood89,20125.274.8Corpus Christi76,55932.567.5BeaumontPort Arthur64,44931.468.6Lubbock61,11723.576.5Brownsville-Harlingen53,358 32.467.6Waco45,320 32.367.7Amarillo43,223 47.552.5College StationBryan41,47924.3 75.7Tyler36,85235.065.0Laredo36,37328.471.6Longview-Marshall33,01734.066.0Abilene30,48527.073.0Wichita Falls23,45841.958.1Odessa22,55339.660.4Victoria20,55639.660.4Sherman-Denison18,88742.157.9Midland18,20637.462.6San Angelo15,16032.367.7
Sources: U.S. Census Bureau and Real Estate Center at Texas A&M University
T
exans are more mobile than the averageAmerican. More than our millionTexans relocated rom one residentialunit to another in 2005. This represented 19.1percent o the state’s population compared with16.1 percent or the United States.Homeowners in Texas moved slightly moreoten than the U.S. average. Texans who changedtheir residences accounted or 6.4 percent othe state’s population compared with a nationalaverage o 6.2 percent.
More mobility means more real estate transactions — salesand leases — and more commissions or real estate proes-sionals. Some licensees consider relocation as the fnal stepin renting-buying transactions and oer relocation services.Understanding renter mobility patterns is benefcial to rentalproperty managers.
Moving in Metros
More than one million moved in Dallas–FortWorth–Arlington and Houston–Sugar Land–Bay-town in 2005. The Dallas metro area ranked frstin number o people moved, ollowed by Houston–Sugar Land–Baytown, San Antonio, Austin–RoundRock and McAllen-Edinburg-Mission (Table 1).Texas renters were twice as mobile as homeown-ers. Renters and homeowners in Texas accountedor 66.5 percent and 33.5 percent o total house-holds who changed residences in 2005 comparedwith national averages o 61.7 percent and 38.3percent, respectively.College towns were the most mobile. Among thestate’s metropolitan areas, Lubbock had the largesttotal percentage o relocated tenants (76.5 percent),ollowed by College Station–Bryan (75.7 percent),Killeen–Temple–Fort Hood (74.8 percent) andAbilene (73 percent).Dallas–Fort Worth–Arlington ranked frst in num-ber o homeowners moved, ollowed by Houston–Sugar Land–Baytown, San Antonio and Austin–Round Rock (Table 2). The Dallas metro area alsoranked frst in number o renters moved, ollowedby Houston–Sugar Land–Baytown, Austin–RoundRock, San Antonio and McAllen-Edinburg-Mission(Table 3).Amarillo homeowners who relocated accountedor 9.2 percent o the metro area’s population.The area ranked frst in the state in percentage ohomeowners who moved in 2005, ollowed by 7.4 percent orOdessa, 7.3 percent or Wichita Falls, 7.1 percent or Tyler,and 7 percent or Austin–Round Rock, Sherman-Denison andVictoria (Table 4). Brownsville-Harlingen and El Paso had thelowest percentage o owners who moved (4.7 percent), ollowed
 
 
Table 3. Texas Metro Areasby Renters Who Moved in 2005
Number
Dallas–Fort Worth–Arlington
725,231
Houston–Sugar Land–Baytown
679,884
Austin–Round Rock
227,924
San Antonio
218,345
McAllen-Edinburg-Mission
72,671
 Killeen–Temple–Fort Hood
66,283
El Paso
64,283
Corpus Christi
51,645
Lubbock
46,747
Beaumont–Port Arthur
44,200
Brownsville-Harlingen
36,076
College Station–Bryan
31,390
Waco
30,688
Laredo
26,051
Tyler
23,968
Amarillo
22,685
Abilene
22,248
Longview-Marshall
21,800
Wichita Falls
13,623
Odessa
13,611
Victoria
12,411
Midland
11,392
Sherman-Denison
10,941
San Angelo
10,257
Sources: U.S. Census Bureau and Real Estate Center atTexas A&M University
 
Table 2. Texas Metro Areasby Homeowners Who Moved in 2005
Number
Dallas–Fort Worth–Arlington
370,689
Houston–Sugar Land–Baytown
335,427
San Antonio
118,508
Austin–Round Rock
96,651
El Paso
32,625
 McAllen-Edinburg-Mission
32,136
Corpus Christi
24,914
Killeen–Temple–Fort Hood
22,438
Amarillo
20,538
Beaumont–Port Arthur
20,249
Brownsville-Harlingen
17,282
Waco
14,632
 Lubbock
14,370
 Tyler
12,884
Longview-Marshall
11,217
Laredo
10,322
College Station–Bryan
10,089
Wichita Falls
9,835
Odessa
8,942
Abilene
8,237
Victoria
8,145
Sherman-Denison
7,946
Midland
6,814
San Angelo
4,903
Sources: U.S. Census Bureau and Real Estate Center atTexas A&M University
by Laredo (4.8 percent), McAllen-Edinburg-Mission and SanAngelo (4.9 percent) (Table 4).Texas renters were also more mobile than the U.S. average.The state’s rental housing market experienced more reloca-tions than the nation’s rental housing market. Texas renterswho moved in 2005accounted or 12.7percent o the state’spopulation comparedwith a national averageo 10 percent.Killeen–Temple–FortHood ranked frst inpercentage o rentersin total populationwho relocated in 2005(20.7 percent), ollowedby Lubbock (18.9 per-cent), College Station–Bryan (17.5 percent)and Austin–RoundRock (16.5 percent)(Table 5). The El Pasorental market had thelowest percentage omoves by renters (9.2percent), ollowed byMidland and Sherman-Denison (9.7 percent)and Brownsville-Harlingen (9.9 percent)(Table 5).
RelocationIndustry Revenues
Texas revenues rommoving used house-hold and oice goods(UHOG) amount tomore than $600 millionand account or 5.2 percent o the nations’s revenues generatedby this industry.Revenues rom relocating UHOG in Texas’ our majormetropolitan areas (Austin–Round Rock, Dallas–Fort Worth–Arlington, Houston–Sugar Land–Baytown, and San Antonio)
NOT SURPRISINGLY, COLLEGE TOWNS
see the most people moving in and movingout. All that renting and buying and sellingadds up to big money in the pockets of Texas licensees.

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