PHOENIX (Feb. 5, 2016) — U-Haul customers steered their moving trucks toward two coastal states in large numbers last year, making Concord, Calif., the No. 1 U.S. Growth City and North Carolina the No. 1 Growth State of 2015.
U-Haul growth rankings are determined by the net gain of incoming one-way truck rentals versus outgoing rentals for the past calendar year. The annual migration trends report was compiled from more than 1.7 million one-way U-Haul truck transactions that occurred in 2015.
Concord was the third California destination to grace the Top 10 cities list, edging the Roseville-Sacramento area and Austin, Texas for top honors.
“The temperate climate and overall quality of life that North Carolina offers is contagious,” said Paul Smedberg, U-Haul Company of Raleigh president. “All the metro areas including Raleigh, Durham, Charlotte, Greensboro and Winston-Salem have experienced steady growth. It doesn’t appear to be slowing down any time soon.”
Concord enjoys advantages that many people seek in a hometown, blending the convenience and business opportunities of the Bay Area with the escape of the California countryside and residential life.
U-Haul locations in Concord saw 57.2 percent of truck rental customers coming into the city as opposed to leaving. Concord welcomed 7 percent more U-Haul arrivals year-over-year, while its departures dropped 5 percent over the same span.
Read the entire Concord release here on myuhaulstory.com, including additional quotes, facts, statistics, infographics and photos.
“In conjunction with a great location, Concord remains one of the few affordable cities in the Bay Area and is surrounded by cities that offer sustained job growth,” said James Bostwick, U-Haul Company of East Bay president. “It has everything a resident could want or ask for and continues to improve upon what it has to offer.”
While U-Haul migration trends don’t correlate directly to population or economic growth, the data is a strong gauge of how well cities and states are attracting and keeping residents. All cities were considered, regardless of size.