Demand for Remodelers Pick Up as Housing Stock Grows Old

August 13, 2015

Residential construction’s modest rebound is making the American housing stock age, the NAHB reports.

The median age of owner-occupied homes is 37 years old, compared to only 27 years old in 1993. In addition to demand for new construction, this trend also signals a growing market for home improvement professionals and remodelers.

Homes constructed after 2000 account for just 17 percent of owner-occupied homes, and newly built homes constructed after 2010 make up only 2 percent of the housing stock.

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