Hestan Outdoor Grills – Aspire

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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)

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Klaussner Outdoor Named Winner at 2017 ARTS Awards

Friday, February 24, 2017

Klaussner Outdoor, a division of Klaussner Home Furnishings, was named the winner of the Outdoor Living category at the 28th ARTS Awards during a gala event on Friday, January 20 at the Hilton Anatole Hotel in Dallas. The other nominees in the category...

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2016 Custom Home Building Market Growth

Friday, February 24, 2017

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of 2016 custom home building starts (homes built on an owner’s land, with either the owner or a builder acting...

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