Using data from the 2015 American Community Survey, the NAHB’s Eye on Housing blog recently discussed how the average owner-occupied home in the U.S. is 37 years old and that the age of housing stock is not evenly distributed across the country. In fact, they conclude that the geographic distribution (see map below) of owner-occupied housing is strongly correlated with population changes – especially in states with faster population growth, which tend to have newer housing (go figure).
“The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future.”
Click here to read the full story the NAHB’s Eye on Housing.
