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

Wind Overtakes Hydro as Top Renewable in U.S.

Thursday, March 16, 2017

Last year was a big one for wind power in the U.S. For the first time, the total installed capacity of the country’s wind farms exceeded that of hydroelectric projects to reach a total of 82,183 megawatts – enough to run some 24 million American...

» Continue

Empire’s Hard-working Carol Rose

Thursday, March 16, 2017

When dealers or consumers place a call to Empire Comfort Systems in Belleville, Illinois, and Carol Burtz answers, some callers say, a bit in awe, “The Carol Rose?”...

» Continue

Ironhaus Purchases Portland Willamette

Monday, March 13, 2017

Portland Willamette (PW), based in Portland, Oregon, has been acquired by Ironhaus, a Hamilton, Montana-based hearth products manufacturer, merging both lines of glass doors and fireplace accessories. The PW brand and much of its glass door offerings...

» Continue