What is the state of the moving industry in 2023?

Second, economic pressures could cause more people to try DIY removals, instead of hiring professional removals. Despite fewer landlords moving locally, the overall outlook for the moving industry seems to return to pre-pandemic norms. The COVID-19 years were a very, long and busy season for moving. Now that the housing market has calmed down in most areas due to rising interest rates and inflation, Moving has followed suit.

International and long-distance moving continues to increase, as people are left with hybrid and remote work schedules. Rising interest rates prevent many from moving locally and exchanging their 3% mortgages for 6% or 7% mortgages. The years of the COVID-19 pandemic have put moving customers and moving companies on the same team. One of the best moving tips for those moving to residence is to take an exhaustive inventory of their belongings, not only for the moving company to be honest, but also for your peace of mind.

Having dedicated more than 30 years to residential construction, contracting, remodeling, maintaining and repairing homes, Deane now contributes informative, financial and DIY content as a freelance writer and consultant for several publications. Throughout his career, he strived to help his clients discover the potential hidden within the walls of every home and to empower them to take control of their home repair and remodeling efforts. Deane's main professional objective is to share knowledge related to the home and to provide self-sufficiency tools to as wide an audience as possible. The moving industry is a large and complex industry that is constantly evolving.

In recent years, the sector has experienced a series of changes, such as the rise of online moving companies, the growing popularity of home removals and the growing demand for sustainable moving services. The trend of moving from one country to another is expected to continue throughout the year to high-demand destinations such as Europe, Australia and Mexico. This approach is constructive for people who travel long distances, as carrying large sums of money during a move can be difficult. As you may have noticed from the mobile trend in the sector mentioned above, local moves have lost some of their appeal.

Whatever route you choose, you'll need to offer your company long-distance moving options if you don't offer them. The same study also highlighted that Millennials (15%) and Generation Z (12%) are the age groups that move most frequently. Customers can use video conferencing technology to talk to the team and receive personalized advice and guidance while on the go. On the other hand, it can save you from the risks of driving across the country while allowing you to focus on other aspects of the move.

However, it is estimated that 25% of the people who made this type of move during the pandemic returned to where they were before. Moving companies can implement other sustainable practices, such as recycling or donating unwanted objects, using energy-efficient lighting and equipment, and reducing water consumption during the move. Green moving companies use biodegradable or recyclable packaging materials, such as cardboard boxes, paper or cloth bags, to minimize waste and reduce the carbon footprint of moving. This tool will allow customers to provide information about their home inventory, including photos and video footage, which the team will then analyze to provide an accurate estimate of the cost of moving.

Moving can be a stressful and emotional experience, and many people want their move to reflect their personality and style. This is especially true in “expensive” states, such as New York, where people choose to move to “cheaper” states.