U-Haul Migration Trends: NORTH CAROLINA No. 7 Growth State for 2017

PHOENIX, and RALEIGH, N.C., Jan. 8, 2018 /PRNewswire/ -- North Carolina was the No. 7 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 rose 10 percent while departures increased 9 percent from North Carolina's 2016 numbers.

Arriving trucks accounted for 50.2 percent of all one-way U-Haul traffic in North Carolina to catapult it back among the leading net-gain states. North Carolina slipped to the No. 44 growth ranking for 2016 after attaining the No. 1 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, 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.

Durham, Chapel Hill, Boone, Wake Forest and Mooresville paced North Carolina's net gain of one-way U-Haul trucks. Pineville, Clayton, Oak Island, Kernersville, Greenville and Asheville were among other notable cities to record strong net gains. Find U-Haul stores and neighborhood dealers in North Carolina at uhaul.com/locations.

"There is certainly growth in the Raleigh-Durham area," said Paul Smedberg, U-Haul Company of Raleigh president. "It's ramped up the last five years. New housing is making the downtown area more residential. We also have a booming job market. The Research Triangle between Raleigh, Durham and Chapel Hill and is one of the most prominent development centers in the U.S."

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 North Carolina

"North Carolina has businesses coming in, which attracts new residents. There are new Lidl grocery stores popping up everywhere. We are seeing people moving to the inner cities as well as the outskirts. New housing is booming. There are plenty of jobs here. We also have some of the best colleges, and many graduates end up moving here for good. In the last 3 years, my (region) has opened three new full-service stores and added many neighborhood dealers. We have equipment everywhere and you can really feel the growth." — Jason Grider, U-Haul Company of Central North Carolina 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