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USA population grow since 2009, 26 million. Housing units built since 2009, 11 million. Household size, 2.6 persons. How is there actually a shortage of housing? There's more houses comparatively!!!

The numbers don't seem to add up for the USA actually having a shortage of housing.

  • Population has increased by 25,795,570.
  • The number of housing units has increased by 11,236,100.
  • Household size is 2.6.

25,795,570 / 2.6 = 9,921,373

11,236,100 - 9,921,373 = 1,314,727 more housing units comparatively than in 2009, a time when there was supposedly a glut of supply.

Have there really been millions of houses torn down in the last 10 years?

Sources:

Housing units built https://www.census.gov/construction/nrc/xls/co_cust.xls

Household size: https://www.arcgis.com/home/item.html?id=b597302950234000b7ba4fa33cd785eb#:~:text=The%20average%20household%20size%20for,household%20population%20by%20total%20households.

submitted by /u/ToasterWaffles
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/n0ura3/usa_population_grow_since_2009_26_million_housing/
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