Aging homes will keep remodelers busy
from By Michael J. Berens
It's not just homeowners but also their homes that are aging in place. As the pace of new home construction has slowed, America’s existing housing stock is getting older and older. The majority of these homes are more than 30 years old, and a sizable portion are more than 50 years old. To meet the demands of today's building codes and younger buyers, these homes eventually will need to be updated and renovated, which should provide a steady pipeline of projects for remodelers for some time to come. According to a study conducted by remodeling cost website Fixr.com, a majority of U.S. states had homes with a median age of 35 to 39 years in 2018.
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