Remodeling spending likely to shift south, west

The 25-year mark is when homes tend to pass from the “it would be nice to remodel” stage to the “must remodel” phase

November 30, 2001

The 25-year mark is when homes tend to pass from the "it would be nice to remodel" stage to the "must remodel" phase. That could mean replacing windows, roofing and siding, or doing more cosmetic work such as getting rid of shag carpeting. As homes built during the 1970s slide past the mark, remodelers in the South and West will benefit the most. According to Harvard’s Joint Center for Housing Studies, the top 11 major metropolitan areas by percentage of owner-occupied housing built from 1970 to 1979 are:

 

Houston/Galveston
38%
Tampa
33%
Miami/Fort Lauderdale
31%
Phoenix/Mesa
30%
Denver/Boulder
29%
San Diego
29%
Orlando
28%
San Antonio
27%
Atlanta
25%
Salt Lake City
24%
Dallas/Ft. Worth
24%

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