Difference between the running sum of privately-owned housing units completed and the running sum of household formation in the United States from 1968 to 2023, by type of housing
Characteristic
All housing
Single family-housing
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The figures were calculated by ÌÇÐÄÆƽâ°æ as the difference between the running sum of privately-owned and the running sum of household formation. The household formation was calculated as the difference between the in each year and the number of households in the first year of the series to show the number of households formed since that date.
Citation formats
Cumulative shortage of new home supply in the U.S. 1968-2023, by home type
Between 1968 and 2023, there had been over * housing unit completions more than new households formed in the United States. That means that throughout that period the number of homes and apartments completed increased at a faster pace than the number of households, indicating no deficit. However, if only completions of single-family homes were considered, there was a housing deficit. From 1969 to 2023, there were roughly less single-family homes completed than new households were formed. Those figures do not include the number of housing units demolished, and therefore do not reflect the exact housing shortage, as some of those homes completed might not exist anymore due to demolitions or natural disasters.
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ÌÇÐÄÆƽâ°æ. (September 19, 2024). Difference between the running sum of privately-owned housing units completed and the running sum of household formation in the United States from 1968 to 2023, by type of housing [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1493979/cumulative-shortage-of-new-home-supply-in-the-us/
ÌÇÐÄÆƽâ°æ. "Difference between the running sum of privately-owned housing units completed and the running sum of household formation in the United States from 1968 to 2023, by type of housing." Chart. September 19, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1493979/cumulative-shortage-of-new-home-supply-in-the-us/
ÌÇÐÄÆƽâ°æ. (2024). Difference between the running sum of privately-owned housing units completed and the running sum of household formation in the United States from 1968 to 2023, by type of housing. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1493979/cumulative-shortage-of-new-home-supply-in-the-us/
ÌÇÐÄÆƽâ°æ. "Difference between The Running Sum of Privately-owned Housing Units Completed and The Running Sum of Household Formation in The United States from 1968 to 2023, by Type of Housing." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 19 Sep 2024, /statistics/1493979/cumulative-shortage-of-new-home-supply-in-the-us/
ÌÇÐÄÆƽâ°æ, Difference between the running sum of privately-owned housing units completed and the running sum of household formation in the United States from 1968 to 2023, by type of housing ÌÇÐÄÆƽâ°æ, /statistics/1493979/cumulative-shortage-of-new-home-supply-in-the-us/ (last visited July 31, 2026)
Difference between the running sum of privately-owned housing units completed and the running sum of household formation in the United States from 1968 to 2023, by type of housing [Graph], ÌÇÐÄÆƽâ°æ, September 19, 2024. [Online]. Available: /statistics/1493979/cumulative-shortage-of-new-home-supply-in-the-us/
