U.S. Population Growth Persists but Growth Rate Slows

The U.S. population grew by 2.0 million between July 1, 2017 and July 1,2018, representing a 0.6% increase from 325.1 million to 327.2 million, according to the U.S. Census Bureau’s national and state population estimates. The 2017 population estimates were revised downward by about 0.6 million, from 325.7 million in the Census’s previous iteration of its estimation methodology.

Despite initial volatility, U.S. population growth has been declining overall. Compared to last year’s populations growth rate, this year’s growth rate was 0.02% less, at about 0.62%.

As was the case in 2017, Idaho and Nevada again lead the states in population growth rates at about 2.05% and 2.09%, respectively. The three other states that rounded out the top 5 of the nation’s fastest-growing states were Utah, Arizona, and Florida.

In absolute terms, i.e., numerical quantities, Texas had the largest increase in its population, adding 379,128 people between July 1, 2017 and July 1, 2018. Florida, California, Arizona, and North Carolina rounded out the top 5 in terms of largest numerical increases in population. On the other hand, New York and Illinois experienced the largest declines in population, of 48,510 and 45,116 people, respectively.

A paper on the outlook for Housing Starts, conducted by the Congressional Budget Office. found that demographic changes are a key component of housing construction over the longer-term. NAHB will continue to monitor these trends and assess their implications for housing construction going forward.

The tables here show the population in thousands for each state in 2017 and 2018 and the percentage change from 2017 to 2018.



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