United Van Lines, the popular moving company, records its moves and lucky for us, releases them to the public. According to its mid-year 2009 report, Nevada remains a high inbound state. 57.7% of the Nevada related moves were inbound to Nevada. We have no solid way of knowing whether this sample is representative of the population but it may represent the households that we need to absorb housing inventory in Nevada and particularly Las Vegas.
We don't have a perfect method of determining who or how many families are moving here. We are awaiting the population estimates performed by Clark County and the other Valley municipalities. They are said to be employing the same method of estimation as last year. The wild card is the degree of cohabitation due to a shaky job market. Secondly, we will have to wait a while for the IRS migration statistics that will reflect 2008 moves. The most up-to-date stat we have for migration is drivers license counts, which is down from last year but up slightly month-to-month. Unfortunately we don't know outbound migration from those numbers.
One of the untouched issues in the employment realm is the amount of temporary vs. permanent workers. If the United Van Lines sample is representative, I think this boads well for long-term housing stability as these families are moving all of there belongings accross state lines.
For the press release by United Van Lines Click Here
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