RB Chimney & Hearth

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

5.3 Million More Workers Aged 65-Plus

Friday, February 9, 2018

The number of workers aged 65 or older is projected to grow by an enormous 58% between 2016 and 2026, according to Bureau of Labor Force Statistics' projections. Older workers will account for the 51% majority of the overall 10.5 million increase in the...

» Continue

Mobility Rate Falls to New Low in 2016

Friday, February 9, 2018

The geographic mobility rate fell to a new all-time low in 2017, according to the Census Bureau. Only 11.0% of U.S. residents aged one or older as of March 2017 had moved in the previous 12 months. Not since 1960 have so few people moved (35 million)....

» Continue

Acadia Hearth Aimed at Specialty Hearth Market

Friday, February 2, 2018

Acadia Hearth, LLC has been formed to offer new lines of hearth and outdoor living products exclusively to the specialty hearth market. The company is part of Acadia Holdings, Cheyenne, Wyoming, a capital investment firm formed by a group of investors...

» Continue

Younger Americans Aren’t Moving Like They Used To

Friday, February 2, 2018

Americans are moving at historically low rates. In 2017, 34.9 million Americans changed residences, translating to a household mobility rate of 10.9%. That’s the lowest mobility, or what we’ll also refer to as a “moving rate,”...

» Continue