Idaho and North Carolina were in 2024 the U.S. states with the highest volume of new residential construction, with **** and **** units authorized per 1,000 residents, respectively. On average, that year in the U.S. there were **** homes authorized per 1,000 residents. In overall terms, however, the most populous states in the U.S. tend to have the highest demand for housing.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for United States (USPCEPCHOUSUTL) from 1997 to 2023 about utilities, PCE, per capita, consumption expenditures, consumption, personal, services, housing, and USA.

In 2023, there were nearly ** million more housing units than households in the United States. The distance between the number of housing units available and the number of households has increased significantly since 1965. However, those figures refer to all kinds of housing units, including apartments. When only considering the difference between single-family homes completed and new households formed, there has been a consistent shortage.

In 2023, the metro area of Austin had the highest number of net additions to its housing stock per thousand residents. The second metropolitan area in the United States with most housing units added to its housing stock per thousand residents was Houston-Pasadena-The Woodlands. At the bottom of the list, Chicago-Naperville-Elgin only added **** housing units to its housing stock for every thousand residents in the area in 2023, with figures for 2021 and 2022 being similarly low.

The number of housing units in the United States has grown year-on-year and in 2024, there were approximately *** million homes. That was an increase of about one percent from the previous year. Homeownership in the U.S. Most of the housing stock in the U.S. is owner-occupied, meaning that the person who owns the home uses it as a primary residence. Homeownership is an integral part of the American Dream, with about *** in ***** Americans living in an owner-occupied home. For older generations, the homeownership rate is even higher, showing that buying a home is an important milestone in life. Housing transactions slowing down During the coronavirus pandemic, the U.S. experienced a housing market boom and witnessed an increase in the number of homes sold. Since 2020, when the market peaked, new homes transactions have slowed down and so have the sales of existing homes. That has affected the development of home prices, with several states across the country experiencing a decline in house prices.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Kansas (KSPCEPCHOUSUTL) from 1997 to 2023 about utilities, KS, PCE, consumption expenditures, per capita, consumption, personal, services, housing, and USA.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Iowa (IAPCEPCHOUSUTL) from 1997 to 2023 about utilities, IA, PCE, consumption expenditures, per capita, consumption, personal, services, housing, and USA.

There were over *** housing units completed by the private sector for every thousand residents in the United States in 2023. Those figures have been gradually increasing during the past decade, from **** homes per thousand people in 2011. That came after a nosedive in the number of new housing completions.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for California (CAPCEPCHOUSUTL) from 1997 to 2023 about utilities, PCE, per capita, consumption expenditures, consumption, CA, personal, services, housing, and USA.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Maine (MEPCEPCHOUSUTL) from 1997 to 2023 about ME, utilities, PCE, per capita, consumption expenditures, consumption, personal, services, housing, and USA.

The value of housing per capita across select European countries ranged between ****** U.S. dollars and ****** U.S. dollars in 2021. France recorded the highest value of dwellings per capita among all countries, reaching approximately ****** U.S. dollars. Germany and Norway completed the top three with ****** U.S. dollars per capita and ****** U.S. dollars per capita.

Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for United States was 9996.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for United States reached a record high of 9996.00000 in January of 2023 and a record low of 3704.00000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for United States - last updated from the United States Federal Reserve on September of 2025.

Home Ownership Rate in the United States decreased to 65.10 percent in the first quarter of 2025 from 65.70 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - United States Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Nevada was 10329.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Nevada reached a record high of 10329.00000 in January of 2023 and a record low of 4754.00000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Nevada - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii (HIPCEPCHOUSUTL) from 1997 to 2023 about HI, utilities, PCE, consumption expenditures, per capita, consumption, personal, services, housing, and USA.

The average American household consisted of 2.51 people in 2023.

Households in the U.S.

As shown in the statistic, the number of people per household has decreased over the past decades.

The U.S. Census Bureau defines a household as follows: “a household includes all the persons who occupy a housing unit as their usual place of residence. A housing unit is a house, an apartment, a mobile home, a group of rooms, or a single room that is occupied (or if vacant, is intended for occupancy) as separate living quarters. Separate living quarters are those in which the occupants live and eat separately from any other persons in the building and which have direct access from outside the building or through a common hall. The occupants may be a single family, one person living alone, two or more families living together, or any other group of related or unrelated persons who share living arrangements. (People not living in households are classified as living in group quarters.).”

The population of the United States has been growing steadily for decades. Since 1960, the number of households more than doubled from 53 million to over 131 million households in 2023.

Most of these households, about 34 percent, are two-person households. The distribution of U.S. households has changed over the years though. The percentage of single-person households has been on the rise since 1970 and made up the second largest proportion of households in the U.S. in 2022, at 28.88 percent.

In concordance with the rise of single-person households, the percentage of family households with own children living in the household has declined since 1970 from 56 percent to 40.26 percent in 2022.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Following a period of stagnation over most of the 2010s, the number of owner occupied housing units in the United States started to grow in 2017. In 2023, there were over 86 million owner-occupied homes. Owner-occupied housing is where the person who owns a property – either outright or through a mortgage – also resides in the property. Excluded are therefore rental properties, employer-provided housing and social housing. Homeownership sentiment in the U.S. Though homeownership is still a cornerstone of the American dream, an increasing share of people see themselves as lifelong renters. Millennials have been notoriously late to enter the housing market, with one in four reporting that they would probably continue to always rent in the future, a 2022 survey found. In 2017, just five years before that, this share stood at about 13 percent. How many renter households are there? Renter households are roughly half as few as owner-occupied households in the U.S. In 2023, the number of renter occupied housing units amounted to almost 45 million. Climbing on the property ladder for renters is not always easy, as it requires prospective homebuyers to save up for a down payment and qualify for a mortgage. In many metros, the median household income is insufficient to qualify for the median-priced home.

Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for California was 12188.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for California reached a record high of 12188.00000 in January of 2023 and a record low of 4224.00000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for California - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Montana (MTPCEPCHOUSUTL) from 1997 to 2023 about MT, utilities, PCE, per capita, consumption expenditures, consumption, personal, services, housing, and USA.