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Texas Comes In At Number One For Largest Growth

texas real estate ranks number one

Nationwide Study Ranks Texas #1

According to U-Haul migration trends reports, Texas is the #1 growth state for 2016.  With U-Haul being the company that provides transportation for people moving and relocating, they have an undeniable interest in understanding the trends for where people are moving to. This is great news for Texas Real Estate with a spotlight on Granbury homes.

Big Moves for Texas

The state of Texas has become much more popular destination since 2015 when they ranked number 39 on the same U-Haul report.  When looking at year over year U-Haul truck rentals coming into Texas they have risen 4% since 2015.  What makes the statistic even stronger is the fact that departures leaving Texas stood steady; showing a pretty dramatic influx of new homeowners into Texas.

How U-Haul Calculates

The states that make it to the top of the list are the ones that show the largest net gain of one way truck rentals in the state, as opposed to leaving the state.  These statistics are gathered from at least 1.5 million one way truck rental transactions yearly.  It is acknowledged that the migration statistics may not directly correlate to population growth, but is utilized as a very effective metric of how well cities are attracting new homeowners.

Texas Cities That Moved The Needle

Thanks to areas such as Austin, Granbury, McKinney, Richardson, Temple and New Braunfels, TX, U Haul has seen a huge bump in the arrivals at 50.8% outpacing the departures at 49.2% for 2016.

Zane Rowland, the president of the U-Haul Company of North East Dallas says:

 
“Everything in Texas is growing exponentially”.  Many large companies are moving to Texas to take advantage of the corporate tax breaks and low cost of living for their employees.  Texas remains a state postured to have the ability for people to start their own businesses, and a large corporations like Toyota, Apple and Amazon plan to increase employment opportunities in Texas. Toyota relocated to Plano and offered 2,000 positions to people living in Texas.” 

texas real estate

The Governor Greg Abbot of Texas responded to this report from U-Haul with a pride in being the state of choice for those looking to have expanded economic opportunities.  He promises to work hard to promote a state of growth and even more prosperous, giving way to more Texans to thrive.  

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U-Haul has been the authority on the migration trends thanks to the amount of their network that span over the 50 states, and Canada.  U-Haul tracks these statistics very closely as it directly affects their bottom line.

Real Estate Trends

Seeing U-Hauls report, the response from Texas leaders, only solidifies the solid real estate markets such as Granbury real estate, being a great place to call “home”.   Property values are still very reasonable for people to relocate. New home builds are up. Tech jobs are bringing people in from all over the country. “San Antonio has grown tremendously. The economy is great. The oil industry is recovering in Texas

Here is a list of U-Hauls top 10, 2016 Growth States

1. Texas

2. Florida

3. Minnesota

4. Wisconsin

5. Missouri

6. Maine

7. Idaho

8. Louisiana

9. Vermont

10. Arkansas

Current Granbury Homes For Sale

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Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Elevate Realty Group are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated 8/18/2018.

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