The combined number of privately-owned single-family and multi-family housing completed between 2010 and 2023 was higher than the number of households formed in the United States. However, there was not enough single-family housing completed for all new households formed. Another issue that can lead to housing shortage is that those buildings are not always located in the place with the highest demand, which can still lead to housing shortages in locations with a high demand.
Number of privately-owned single-family and multifamily housing units completed and new households formed in the United States from 1968 to 2023
(in 1,000s)
Characteristic
Privately-owned single-family housing units completed (in 1,000s)
Privately-owned multifamily housing units completed (in 1,000s)
The number of housing units completed were directly obtained from the U.S. Census, while the number of households formed was calculated as the difference between the number of families in each year and the previous year.
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Statista, & US Census Bureau. (September 27, 2024). Number of privately-owned single-family and multifamily housing units completed and new households formed in the United States from 1968 to 2023 (in 1,000s) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1496471/housing-completions-and-households-formed-us-by-type/
Statista, und US Census Bureau. "Number of privately-owned single-family and multifamily housing units completed and new households formed in the United States from 1968 to 2023 (in 1,000s)." Chart. September 27, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1496471/housing-completions-and-households-formed-us-by-type/
Statista, US Census Bureau. (2024). Number of privately-owned single-family and multifamily housing units completed and new households formed in the United States from 1968 to 2023 (in 1,000s). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1496471/housing-completions-and-households-formed-us-by-type/
Statista, and US Census Bureau. "Number of Privately-owned Single-family and Multifamily Housing Units Completed and New Households Formed in The United States from 1968 to 2023 (in 1,000s)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/1496471/housing-completions-and-households-formed-us-by-type/
Statista & US Census Bureau, Number of privately-owned single-family and multifamily housing units completed and new households formed in the United States from 1968 to 2023 (in 1,000s) Statista, https://www.statista.com/statistics/1496471/housing-completions-and-households-formed-us-by-type/ (last visited November 23, 2024)
Number of privately-owned single-family and multifamily housing units completed and new households formed in the United States from 1968 to 2023 (in 1,000s) [Graph], Statista, & US Census Bureau, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1496471/housing-completions-and-households-formed-us-by-type/
