eNews Subscribe to eNews

The Housing Stock is Aging

Thursday, February 9, 2017

From American Consumers Newsletter, Cheryl Russell

The nation's housing stock is aging. In 2015, the average household occupied a housing unit with a median age of 39 (built in 1976), according to the American Housing Survey. This is more than twice the median age of housing in 1975 (median age of 18, built in 1957).

The youth of the housing stock in 1975 was a consequence of the postwar baby boom, which was also a building boom providing a fresh supply of housing for a rapidly expanding and increasingly affluent population. In the following four decades, new housing has been a shrinking share of the total housing stock. Because of the aging of the housing stock, it will be many more years before new building technologies are a part of the average American home.

But there's a silver lining – growing opportunities for renovation and building upgrades.

Occupied housing units: median year built
(and age of average structure)

2015: 1976 (39 years)
2005: 1973 (32 years)
1995: 1967 (28 years)
1985: 1962 (23 years)
1975: 1957 (18 years)

More eNews

Custom and Spec Home Market Shares in 2016

Friday, September 22, 2017

The National Association of Home Builders’ (NAHB) analysis of the most recent Census Bureau’s Survey of Construction (SOC) shows that custom- home building registered declining market shares across most U.S. regions in 2016....

» Continue

ICFA Introduces the Mary Fruehauf Retail Genius Award

Friday, September 22, 2017

The International Casual Furniture Association (ICFA) announces the creation of the Mary Fruehauf Retail Genius Award to recognize those retailers whose creativity invokes the spirit of the late industry leader’s unique approach to igniting excitement...

» Continue