AN AGING HOUSING STOCK CALLS FOR MORE NEW HOMES

The age of your home is probably not something you think about a lot, but it matters. Homes six years or younger make up just 2% of the current owner-occupied housing stock. How does your state stack up with others in that median age of homes?

One consequence of the reduced level of single-family construction since the Great Recession has been an aging of the country’s housing stock. According to NAHB analysis of the most recent edition of the American Housing Survey (2013), the typical owner-occupied home is 37 years old. This represents a significant increase since 1993, when the typical home was 27 years old.

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