The number of units added to the housing stock between 2010 and 2023 was lower than the number of households formed in the United States during that period. However, most of that shortage was formed between 2011 and 2016. After that, the number of new homes added surpasssed household formation in a couple of years, such as 2018 and 2022.
Annual household formation and net additions of dwellings to the housing stock in the United States from 2011 to 2023
(in 1,000s)
The number of net additions to the housing stock were calculated by Statista as the difference between the number of housing units in the reference year and the year before that. The housing stock figures came from the Census tables for 2010 to 2019, and the tables from 2020 to 2023.
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Statista. (September 27, 2024). Annual household formation and net additions of dwellings to the housing stock in the United States from 2011 to 2023 (in 1,000s) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1498970/household-formation-and-net-housing-additions-us/
Statista. "Annual household formation and net additions of dwellings to the housing stock in the United States from 2011 to 2023 (in 1,000s)." Chart. September 27, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1498970/household-formation-and-net-housing-additions-us/
Statista. (2024). Annual household formation and net additions of dwellings to the housing stock in the United States from 2011 to 2023 (in 1,000s). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1498970/household-formation-and-net-housing-additions-us/
Statista. "Annual Household Formation and Net Additions of Dwellings to The Housing Stock in The United States from 2011 to 2023 (in 1,000s)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/1498970/household-formation-and-net-housing-additions-us/
Statista, Annual household formation and net additions of dwellings to the housing stock in the United States from 2011 to 2023 (in 1,000s) Statista, https://www.statista.com/statistics/1498970/household-formation-and-net-housing-additions-us/ (last visited November 23, 2024)
Annual household formation and net additions of dwellings to the housing stock in the United States from 2011 to 2023 (in 1,000s) [Graph], Statista, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1498970/household-formation-and-net-housing-additions-us/
