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Where is America Moving To?

Nevada has been ranked as one of the top states in North America for its net migration pattern according to Atlas Van Lines, one of the nations’ largest shipping agents for household goods.

Atlas Van Lines new interstate migrations report looked at data from 71,092 Interstate and Cross-Border Household Goods Relocations from January 1, 2018 through December 15, 2018.
According to Jack Griffin, Chairman and CEO of Atlas World Group it is integral for not only the moving industry, but also our nation, to track domestic and international migration patterns to better understand why and where individuals are relocating. “These tangible insights for people, companies and industries can serve as important factors in influencing business and personal growth.”

The 10 U.S. states with the highest percentage of inbound moves and outbound moves are included in order below, with Nevada ranking as the study’s inbound leader for the first time ever. While West Virginia has classified as outbound since 2014, the state had the highest percentage of outbound moves in 2018. This is also the first time West Virginia has registered as the study’s outbound leader.

INBOUND:

  • Nevada (67.8 percent)
  • Idaho (66.2 percent)
  • North Carolina (62.6 percent)
  • New Hampshire (57.3 percent)
  • Tennessee (57.2 percent)
  • Oregon (57.1 percent)
  • Washington (57.0 percent)
  • Alabama (56.5 percent)
  • New Mexico (56.0 percent)
  • Washington D.C. (55.7 percent)

OUTBOUND:

  • West Virginia (61.7 percent)
  • Wyoming (61.4 percent)
  • Illinois (61.2 percent)
  • New York (61.0 percent)
  • Connecticut (59.9 percent)
  • Louisiana (58.2 percent)
  • Nebraska (58.1 percent)
  • Kansas (57.4 percent)
  • South Dakota (56.9 percent)
  • New Jersey (56.7 percent)

To read the full report click on the following link:  2018 Atlas Migrations Patterns Study

About Relocation America International

Relocation America International is a full service relocation management company dedicated to providing innovative relocation services, value added support, and superior customer service to clients relocating families domestically and internationally. Visit http://www.rainternational.com for more information about our services or contact us at info@rainternational.com.

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Happy Holidays from Relocation America International !

 

We at Relocation America International would like to wish all of our clients,  supplier partners and readers a Merry Christmas and Happy Holiday Season !

 

 

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Relocation Survey Highlights Company Reactions to Suspension of Moving Expense Deduction/Exclusion

Prior to its 2018 Global Workforce Relocation Conference held in Seattle on October 2018, the Worldwide Employee Relocation Council conducted an on-line survey in which it asked members how their companies were reacting to the elimination of the moving expense deduction/exclusion (MED) by the Tax Cuts and Jobs Act (TCJA). The TCJA suspended both the deduction and the exclusion for the years 2018 through 2025. As a result, expenses for household goods movement, and final move travel, are not deductible for 2018, and company reimbursements/payments of those expenses are taxable to the transferee.

The respondents were asked how, if at all, the loss of the MED was impacting move volume. Almost 78% of those who responded to that question reported that move volume remained about the same, with an additional 4% reporting increases. About 15% reported that volume decreased somewhat, with 3% reporting significant decreases.

Another question asked was whether the loss of the moving expense deduction will lead to increased use of lump sum programs.  When Worldwide ERC® asked that question directly, 59% reported that it had not, with 18% reporting that it had.  An additional 23% reported that it had not yet, but that their policies were under review.  However, when asked if they were changing specific policies, almost 54% suggested their companies were using more lump sum programs.  While this may appear inconsistent with the responses noted above, it is likely that it reflects respondents’ impressions of the industry as a whole; rather than the experience of their own company.
Data presented earlier in the year suggested that most companies were grossing up. However, the survey data suggests a more equivocal picture. The question asked whether companies are changing their gross-up policies. About 47% said they were not, but 36% reported that they were. An additional 17% said they had not changed, but the policy was under review.
For more information or the complete results of the survey please click on http://www.worldwideerc.org.

 

About Relocation America International

Relocation America International is a full service relocation management company dedicated to providing innovative relocation services, value added support, and superior customer service to clients relocating families domestically and internationally. Visit http://www.rainternational.com for more information about our services or contact us at info@rainternational.com.