Citing data from the most recent American Community Survey, The NAHB’s Eye on Housing says the median age of owner-occupied homes in the U.S. is 40 years. They point out that the age of housing stock is an important remodeling market indicator as older structures will need to add new amenities, and repair/replace older components.
“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. Moreover, as people use their homes for more purposes and require additional space, older housing represents an investment opportunity…”
Click here to read the full report at the NAHB’s Eye on Housing.