According to a recent report from the NAHB’s Eye on Housing, the median age of owner-occupied homes was 37 years, which is 6 years more than it was just a few short years ago. The NAHB attributes this to modest gains in residential construction over the past ten years. We see it as an opportunity to fix-n-flip, especially in this tight market with low inventory driving up prices.
“This aging housing stock signals a growing remodeling market, as old structures normally need to add new amenities, or repair/replace old components. Rising home prices also encourage home owners to spend more on home improvement…”
“Click here to read the full report at the NAHB’s Eye on Housing.