Household growth fell for third straight year in 2025, study finds
Summary
A new report from Harvard University says that the number of new households in the U.S. grew more slowly for the third year in a row in 2025. The report points to high housing costs and not enough homes being available as the main reasons for this slowdown.Key Facts
- Household growth means the number of occupied housing units increasing each year.
- The growth of new households dropped for the third straight year in 2025.
- High prices for homes make it hard for people to afford housing.
- There are not enough homes available to meet demand.
- The information comes from Harvard University's State of the Nation's Housing 2026 report.
- Chris Herbert is the managing director at the Harvard Joint Center for Housing Studies.
- The report was discussed in an interview on CBS News.
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