Summary
The number of homes in the U.S. grew faster than the population over the last decade, but affordability is still a major issue. House prices have significantly increased, making it challenging for many people to buy homes despite the growth in housing units.
Key Facts
- The number of housing units in the U.S. grew by 9.5% from 2014 to 2024.
- During the same period, the U.S. population grew by 6.7%, according to the U.S. Census Bureau.
- House prices in the U.S. increased by nearly 50% from 2019 to 2025.
- High mortgage rates are discouraging some homeowners from selling their homes.
- One in six potential homebuyers stopped looking for a home because they couldn't find an affordable option, according to a recent survey.
- A new bipartisan bill aims to encourage new home construction, but progress is slow due to a government shutdown.
