An analysis from the National Association of Home Builders showed that the U.S. owner-occupied housing stock has aged measurably, particularly since the Great Recession, as residential construction has consistently fallen short of demand, contributing to a persistent housing shortage. According to the latest data from the 2024 American Community Survey (ACS), the median age of owner-occupied homes has reached 42 years old. As a result, the aging housing stock opens the door for a future growing remodeling market.
Older homes tend to be less energy-efficient than newly-built, modernized houses and are more likely to require repairs, upgrades and renovations in the future; all of these signs point to an increase in the remodeling market. Additionally, as homeowners spend more time in their houses, investments might become necessary, such as add-ons, growing families, or reshaping spaces for a different use.Â
