The U.S. has just experienced its largest one-year demographic increase in the country’s history, growing by over 3.8 million in 2023, according to a recent report by John Burns Research and Consulting (JBREC).
Eric Finnigan, vice president of Building Products Research and Demographics at JBREC, wrote about the report on X, formerly known as Twitter, saying that “the surge is likely short-lived” as it’s almost entirely due to immigration, which is “conditional on policy, legislation, regulations” and others.
Even so, the surge will have important ripple effects for years through housing, the economy, and the rest of society,” Finnigan added.
According to Finnigan, a recent U.S. Census Bureau which said the country’s population had grown by more than 1.6 million in 2023 underestimated immigration flows. The numbers mentioned by Finnigan can be found in JBREC’s Burns U.S. Demographics Analysis and Forecast.
The problem of how to slow down the tide of migration on the U.S.-Mexico border is expected to be one of the key issues ahead of November’s presidential election, with House Republicans influenced by Donald Trump having recently sank an immigration bill proposed by the Biden administration.
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