The Census Bureau’s annual March Current Population Survey found that the number of households in the U.S. has increased by approximately 25 percent in the last two decades.
Up until 2005, growth in households was mostly driven by new homeowners rather than renters. However, following the housing market crash and the resulting recovery, the growth is coming from the number of renters. The number of renting households living in single-family homes between 2005 and 2013 grew by nearly two-thirds and the largest increase in renters was from those in mid-sized properties, which saw more than one-third of the growth in renter households.
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