Texas No. 1 growth state, according to U-Haul

In Industry News by Bradford

Noticed any U-Haul trucks in the area lately? Probably. Texas continued its reign as America’s No. 1 Growth State during 2017, according to U-Haul data analyzing the past year’s U.S. migration trends.

Year-over-year arrivals of one-way U-Haul truck rentals rose 1 percent while departures climbed 3 percent from Texas’s 2016 numbers. Some of the state’s increase in overall U-Haul transactions can likely be attributed to an active hurricane season.

McKinney, Prosper, College Station, Temple and Kaufman paced Texas’s net gain of one-way U-Haul trucks. Austin, Midland, Pflugerville, New Braunfels and Irving were among other notable cities to post strong net gains.

Despite a larger year-over-year increase in departures, arriving trucks still accounted for 50.3 percent of all one-way U-Haul traffic in Texas to maintain its status as the top net-gain state. Texas secured the No. 1 growth ranking for 2016 after settling for the No. 39 spot for 2015.

Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.

Florida, Arkansas, South Carolina and Tennessee rounded out the top five, and North Carolina was seventh, continuing a strong growth movement in the Southeast. California overtook Illinois on the list as the biggest net-loss state.

While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well states and cities are attracting and maintaining residents.

“We say that everything is bigger in Texas, and you’ve heard the slogan ‘Texas Strong’ during the (Hurricane Harvey) recovery,” said Matt Merrill, U-Haul Company of West Houston president. “We’re not waiting for anyone to come with handouts. Everybody is helping everybody. We know that it happened and we know what we went through. But you wouldn’t be able to go through today and see that a hurricane hit. The recovery has been handled well.”

U-Haul has more than 21,000 U-Haul locations around the country.

“Due to the attractive tax incentives for corporations, large companies are flocking into the Dallas area: Toyota, Dr. Pepper, Exxon, T.I., etc. Housing development is booming everywhere in the Dallas/Fort Worth area. Everywhere you look, new businesses, homes and apartment/condo buildings are going up. … The economy is up as Dallas employment is at an all-time high. So why not move to Texas?,” said Debbie Morales, U-Haul Company of East Dallas president

U-Haul Growth State Rankings for 2017

1. Texas

2. Florida

3. Arkansas

4. South Carolina

5. Tennessee

6. Washington

7. North Carolina

8. Connecticut

9. Colorado

10. Vermont

11. Alabama

12. Iowa

13. Virginia

14. Idaho

15. West Virginia

16. Nebraska

17. Indiana

18. Delaware

19. New Mexico

20. Wisconsin

21. Utah

22. Wyoming

23. Mississippi

24. Oklahoma

25. Montana

26. Maine

27. South Dakota

28. Washington D.C.

29. Kentucky

30. Missouri

31. New Hampshire

32. Oregon

33. Nevada

34. Ohio

35. Minnesota

36. Alaska

37. North Dakota

38. Kansas

39. Rhode Island

40. Louisiana

41. Georgia

42. Maryland

43. Arizona

44. New York

45. New Jersey

46. Massachusetts

47. Michigan

48. Pennsylvania

49. Illinois

50. California

* Washington, D.C. is its own U-Haul territory and is listed among states for migration purposes. Hawaii is not included since state-to-state truck rentals are not applicable.

To read the original article in the Fort Worth Business Press, click here