May 26, 2011 8:01 AM
While the self storage industry remains robust in the United States, it is foundering in the UK. This is mostly due to a slump in England’s housing market that in turn affects moving companies which are tightly knit to the self storage industry. The UK company, Big Yellow Self Storage, said recovery in the sector was unlikely until the economy improves, bringing its shares down three percent. [More]
April 28, 2011 6:25 AM
The stellar growth of both apartment and self storage real estate investment trusts (REITs) translates into a sure sign that the U.S. housing market is still in a slump. Analysts are noting a strong historical correlation between revenue growth with storage REITs like Public Storage and revenue growth with the apartment REITs. [More]
July 23, 2010 9:16 PM
The American Moving and Storage Association reported today that Americans were shipping 4.2 percent more household goods during the first five months of this year than during the same period in 2009. (AMSA is a storage and moving trade association, and puts consumers in touch with professional movers through its Mover Referral Service.) When AMSA looked only at items shipped by consumers, the shipments were up by 11.2 percent. During 2008 and 2009, shipping dropped dramatically, by 21.5 percent in 2009 and 18.2 percent in 2008.
The statistics suggest that more Americans are moving from one home to another again, which means that the housing market may start to pick up. Relocation tends to stimulate consumer spending in general, because people who are moving spend more money on take-out food, renovations, and household items for the new home. [More]