The Aging Housing Stock

Filed in Economics by on August 17, 2015 1 Comment

The American housing stock continues to age, especially as residential construction continues its modest rebound after the Great Recession. According to the latest 2013 American Housing Survey published by HUD, the median age of owner-occupied homes is 37 years old, compared to only 27 years old in 1993.

As NAHB economist Na Zhao observes in a recent Eye on Housing blog post, this aging trend signals a growing market for remodelers, as older structures normally require additional remodeling and renovations. It also implies additional demand for more new construction over the long run.

View the full Eye on Housing blog post.


Comments (1)

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  1. Remodelers, become the remodeler of choice for each customer and do your best to retain each customer!
    The more you retain your customers the less money you will have to invest to market your company.
    Your referral base will increase along with your cash flow and profits!
    ONwards and UPwards!

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