Housing EconomyNewsletter

U.S. Population Grows at Highest Rate Since 2001

The United States resident population grew by 3,304,757 to a total population of 340,110,988, this is according to the U.S. Census Bureau’s latest estimates. Additionally, the population grew at a rate of 0.98%, the highest rate since 0.99% in 2001. This has also marked the third straight increase in the growth rate of the U.S. population. The vintage population estimates are released annually and represent the change in the U.S. population between July 1st of 2023 and 2024.

According to Eye On Housing, The Census Bureau reports that the primary source of population growth was net international migration (immigration), as international migration levels once again were higher than the previous year. The level of net international migration between 2023 and 2024 was 2,786,119. The second component of population growth is natural growth, which represents births minus deaths. Births totaled 3,605,563, down slightly from last year, while the number of deaths was reported at 3,086,925, also a decrease from last year. The natural growth, therefore, between 2023 and 2024 was 518,638.

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