Wednesday, September 17, 2014

Anemic Household Growth, 2013-14

The number of households in the United States increased by a tiny 0.4 percent between 2013 and 2014, according to the Census Bureau's latest estimates. In only 2 of the past 40 years have households grown more slowly (in 2008–09 and 2009–10). The 492,000 households added to the nation's total between 2013 and 2014 is the fourth smallest numerical gain in four decades of tracking the numbers (smaller gains were recorded in 1982–83, 2008–09, and 2009–10).

Also notable, the number of non-Hispanic White households fell slightly between 2013 and 2014. The decline marks only the 4th time in 40 years that the Census Bureau has estimated a drop in the number of non-Hispanic White households.

Nearly one-third of the nation's households are now headed by Blacks, Asians, or Hispanics. Black households outnumber Hispanic households by more than 1 million, and they grew faster than Hispanic households between 2013 and 2014 (a 1.8 percent gain for Blacks versus a 1.4 percent gain for Hispanics). Asian households are far less numerous than Black or Hispanic, but they grew by a faster 4.1 percent between 2013 and 2014.

Number (and percent distribution) of households by race and Hispanic origin, 2014
Total: 122,952,000 (100.0%)
Asian: 6,111,000 (5.0%)
Black: 16,855,000 (13.7%)
Hispanic: 15,811,000 (12.8%)
Non-Hispanic White: 83,641,000 (68.0%)

Source: Census Bureau, 2014 Current Population Survey

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