U-Haul: California, Florida biggest draws to Austin
Some Austinites are heading west to Denver, Phoenix and LA
U-Haul report tracked one-way moves from January to July
Californians and Floridians have been moving to the Austin metro in higher numbers than residents of any other U.S. states, according to one of America's most prominent moving companies.
U-Haul released its 2025 mid-year report July 16 regarding migration trends, breaking down where people are moving to and from. It tracked one-way customer transactions from January to July this year to determine the leading origins for trucks, trailers and U-Box moving containers bound for large metro areas around the country.
U-Haul found that Austin is a popular destination for people from two of the largest states in the U.S. — California, which has a population of 39.4 million, and Florida, which has a population of 23.4 million.
The study listed the top states of origin for people moving to the metro as:
California Florida Colorado Louisiana Arizona Oklahoma Georgia Illinois Tennessee New Mexico
While the Austin metro has been adding residents overall, the gains have slowed in recent years amid declining job growth in the region and as affordability challenges have made it tougher for people to remain in the city.
The city of Austin's growth rate came in at just 0.4% from 2023 to 2024, which was the lowest among all major Texas metros. In addition, Austin is no longer among the top 10 largest cities in the U.S., according to data from the U.S. Census Bureau.
But some Austin suburbs — where the cost of living is lower — have continued to be on a tear. Hutto, for instance, ranked as the 13th fastest growing in the U.S., and Georgetown recently crossed the 100,000-resident threshold.
Meanwhile, the latest U-Haul trends report also listed the U.S. metro areas that have attracted the most former Austinites. They are:
Denver Los Angeles Phoenix San Francisco Atlanta
U-Haul also ranked the Texas metro areas that have lost the most residents to Austin. They are:
Houston Dallas San Antonio Brownsville Killeen
In turn, Austin was one of the top Texas places of origin for people moving to Dallas, Houston and San Antonio. Austin ranked second among Texas cities to lose people to Dallas and Houston, and Austin ranked third in Texas for people moving to San Antonio.
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Three Months EndedSix Months Ended (in millions) June 28, 2025June 29, 2024June 28, 2025June 29, 2024 Net revenue $ 1,943$ 1,589$ 3,713$ 3,075 GAAP Net (loss) income $ (825)$ 30$ (819)$ 73 GAAP Net (loss) income as a % of net revenue (42.5) %1.9 %(22.1) %2.4 % Provision for income taxes 87299659 GAAP (Loss) income before taxes (738)59(723)132 Indemnification Agreement accrual increase, non-cash component (1) 8471290220 Depreciation and amortization 49289652 Interest expense, net 24154928 Stock-based compensation expense 15153029 Restructuring, impairment and extinguishment costs 211618 Acquisition and integration costs 334434 Other (2) 8114(1) Non-GAAP Adjusted EBITDA $ 210$ 175$ 378$ 312 Non-GAAP Adjusted EBITDA as a % of net revenue 10.8 %11.0 %10.2 %10.1 % (1) Refer to the Unaudited Consolidated Statements of Operations herein. (2) For 2025 periods, other includes net periodic benefit costs, excluding service costs, foreign exchange transaction loss (income), and miscellaneous non-operating expenses. For 2024 periods, other includes loss on sale of assets, litigation settlement, gain on sale of investments, and foreign exchange transaction loss (income). NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS (Unaudited)PRODUCTS AND SOLUTIONS SEGMENT Three Months EndedSix Months Ended (in millions) June 28, 2025June 29, 2024June 28, 2025June 29, 2024 Net revenue $ 666$ 630$ 1,315$ 1,250 GAAP Income from operations $ 142$ 130$ 278$ 242 GAAP Income from operations as a % of net revenue 21.3 %20.6 %21.1 %19.4 % Stock-based compensation expense 44910 Restructuring expenses 2—15 Other (1) —4—4 Non-GAAP Adjusted Income from Operations $ 148$ 138$ 288$ 261 Depreciation and amortization 19183735 Non-GAAP Adjusted EBITDA $ 167$ 156$ 325$ 296 Non-GAAP Adjusted EBITDA as a % of net revenue 25.1 %24.8 %24.7 %23.7 % (1) For 2024 periods, other includes litigation settlements. ADI GLOBAL DISTRIBUTION SEGMENT Three Months EndedSix Months Ended (in millions) June 28, 2025June 29, 2024June 28, 2025June 29, 2024 Net revenue $ 1,277$ 959$ 2,398$ 1,825 GAAP Income from operations $ 71$ 62$ 105$ 111 GAAP Income from operations as a % of net revenue 5.6 %6.5 %4.4 %6.1 % Stock-based compensation expense 5395 Restructuring expenses 1—52 Acquisition and integration costs 3444 Other (1) (1)——— Non-GAAP Adjusted Income from Operations $ 79$ 69$ 123$ 122 Depreciation and amortization 2885613 Non-GAAP Adjusted EBITDA $ 107$ 77$ 179$ 135 Non-GAAP Adjusted EBITDA as a % of net revenue 8.4 %8.0 %7.5 %7.4 % (1) For 2025 periods, other includes miscellaneous non-operating expenses. View original content to download multimedia: SOURCE Resideo Technologies, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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