Fewer Americans are moving this summer, according to the U.S. Census Bureau and the American Moving & Storage Association.
The AMSA says that shipments dropped 20 percent in the first quarter of the year. It's a trend that started in 2005 with the beginning of the mortgage crisis.
The Census Bureau also noted that fewer Americans moved in 2008.
Linda Bauer Darr, AMSA president and CEO says, "There's no doubt that many Americans - and as a result, our members - have been hard-hit by a triple-whammy. A virtual halt in new home construction, followed by a tightening of the mortgage market, is still being felt and is likely to continue well into 2009. In addition, the scarcity of employment nationally removes a traditional reason to relocate - finding a better job."
The Census Bureau and AMSA is looking at the country overall and not individual regions.
photo: www.luxmoving.com
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