Why Do Fewer Renters Expect to Move?

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Why Do Fewer Renters Expect to Move? - Liberty Street Economics

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" AI’s Impact on Labor and Hiring | Main

August 6, 2026

Why Do Fewer Renters Expect to Move?

Christopher Gresh, Andrew F. Haughwout, Eungik Lee, and Wilbert van der Klaauw

Americans are moving less than they used to. Moving rates have declined steadily for decades, falling from close to 20 percent annually in the mid-1980s to below 10 percent by 2019. This decline has persisted through business cycles and has been evident across all regions, and has affected a broad range of demographic groups. Falling mobility matters because moving helps households access job opportunities, adjust to changing circumstances, and improve their housing situations. In this post, we show that the decline in mobility also holds for renters, with growing challenges to owning a home being an important contributing factor.  We use data from the annual New York Fed SCE Housing Survey to study renters’...

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