U.S. Population Grows Slower


According to the U.S. Census Bureau, the Annual Resident Population of the United States as of July 1, 2019 was estimated at 328.2 million, increasing by 1.6 million from the previous year. Additionally, there was a significant downward revision to the national population estimated for 2018, by 480 thousand, to 326.7 million, effectively reducing the growth rate estimated for that year by 0.1 percentage point. For 2019, the Census estimated a growth rate of 0.48% on a national level, making it the fourth consecutive year of a decline for population growth.

In 2019, the top five states with the greatest increases in their resident populations, in absolute terms were Texas, Florida, Arizona, North Carolina, and Georgia. As the resident population increases, housing demand in single- and multifamily dwellings is bound to increase commensurately. Multifamily dwellings are more common in areas where the population density is highest, as evidenced by NAHB’s Home Building Geography Index. In terms of relative changes from the previous year, Idaho, Nevada, Arizona, Utah, and Texas showed the highest annual percentage growth rates in 2019.

The tables here show the population in thousands for each state in 2018 and 2019 and the percentage change from 2018 to 2019.

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