Around 48% of the U.S. housing stocks dates back to the 1980s and earlier. The median age of owner-occupied homes has climbed to 41 years in 2023, up from 31 years in 2005 according to the latest data from the American Community Survey. The U.S. owner-occupied housing stock has aged rapidly, particularly since the Great Recession, as the residential construction continues to fall behind in delivering new homes. …As a result, the aging housing stock signals a future growing remodeling market. Older structures require updates to add new amenities or need repairs or replacements of old components. …Over the long run, the aging of the housing stock implies that remodeling may grow faster than new construction.