What makes millennials move?

Better housing, new jobs and newfound independence are the catalysts

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

In 2017, the household mobility rate dropped to an all-time low of 10.9 percent (34.9 million) since the U.S. Census Bureau began keeping track of it 50 years ago. A recent Trulia report reveals this trend follows all generations -- even millennials, the free-wheeling group of 18- to 35-year-olds, are moving at a much lower rate, with 38.4 percent of them still living with parents or relatives. But when millennials do decide to branch out on their own, they're moving for much different reasons than their parents or grandparents did decades ago. While baby boomers often moved because of marriage, millennials are moving to establish their own household (18 percent). In 2000, young adults moved to establish their own household 2.5 times more frequently than they did because of marriage, and 17 years later, they are doing so 4.2 times more frequently. Other popular reasons for moving include the opportunity for better housing options (16.1 percent) or the prospect of a new jo...