U-Haul Migration Trends: COLORADO No. 9 Growth State for 2017

PHOENIX and DENVER, Jan. 8, 2018 /PRNewswire/ -- Colorado was the No. 9 Growth State for 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 climbed 4.5 percent while departures also rose 4.5 percent from Colorado's 2016 numbers.

Arriving trucks accounted for 50.3 percent of all one-way U-Haul traffic in Colorado to keep it among the leading net-gain states. Colorado secured the No. 11 growth ranking for 2016 after claiming the No. 22 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.

Texas was the No. 1 Growth State for the second year in a row. Florida, Arkansas, South Carolina and Tennessee rounded out the top five, and North Carolina ranked seventh, continuing a strong growth movement in the Southeast. California overtook Illinois on the list as the biggest net-loss state.

View the complete top 50 rankings along with more migration trends reports, including U.S. Growth Cities, at myuhaulstory.com.

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.

Fort Collins, Aurora and Boulder paced Colorado's net gain of one-way U-Haul trucks. Pueblo, Grand Junction and Delta were among other notable cities to record strong net gains. Find U-Haul stores and neighborhood dealers in Colorado at uhaul.com/locations.

"I've been in this area four-plus years and the growth I've seen is amazing," said Mike Blau, U-Haul Company of Northwest Colorado president. "You used to drive down the Interstate 25 corridor and see open spaces everywhere. Now you hardly pass a dirt lot. There are no gaps. Colorado is bursting at the seams. Denver is overflowing so much that folks are moving to the outskirts and into Westminster and Thornton."

U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from more than 21,000 U-Haul locations provides a comprehensive overview of where people are moving like no one else in the industry.

The arrival of U-Haul Truck Share 24/7 is revolutionizing the moving industry through its more convenient, more secure way to pick up and return a truck. U-Haul live verification technology allows rental transactions to be carried out entirely on a smartphone at any hour – day or night. There are no membership fees. Simply visit uhaul.com to create an online account.

What They're Saying about Colorado

"The climate and outdoor activities available to our residents are the biggest appeals when it comes to a lifestyle people want. Colorado has the lowest unemployment rate in the nation currently. People are finding it easy to get a decent-paying job. The growth opportunities for U-Haul in the region are tremendous." — Chris Lambert, U-Haul Company of East Central Colorado president

About U-Haul

Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 21,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 now offers customers access to U-Haul trucks every hour of every day through the self-service options on their internet-connected mobile devices. U-Haul customers' patronage has enabled the U-Haul fleet to grow to more than 150,000 trucks, 112,000 trailers and 40,000 towing devices. U-Haul offers more than 581,000 rooms and more than 51 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry and is the largest retailer of propane in the U.S.

Contact:
Jeff Lockridge
Sebastien Reyes
E-mail: publicrelations@uhaul.com
Phone: 602-760-4941
Website: uhaul.com

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SOURCE U-Haul