Household and New Housing Unit Demand Projections for 2025–2035 and 2035–2045
This paper presents detailed projections for household growth in years 2025–2035 and 2035–2045 along with the data and methodology used to create them. The primary finding is that growth in the number of households in the US is expected to slow in the coming decades. Under the Center’s main projection, the number of households in the US is projected to rise by 8.6 million households, or approximately 860,000 per year, between 2025 and 2035. This would be less household growth than in any of the past three decades, when growth ranged from a low of 10.1 million households in the 2010s to a high of 13.5 million in the 1990s. In the following 10-year period after 2035, the pace of household growth is projected to slow even further, with the number of households projected to rise by only 5.1 million between 2035 and 2045, to total 147.9 million households in 2045. This would be the lowest rate of growth in any decade in at least 100 years.