Daily News
From Home Furnishing Business
FastFact: Consumer Housing Choices Age
February 1,
2016 by in Economic News, Industry
Considering whether to rent or buy looms heavy on consumers, but they are also making choices based on age, size and cost of housing.
With housing starts slow to recover from the recession, households are faced with an aging housing industry, which limits options.
Today’s FastFact focuses on the age of homes, and shows that more than 28 percent of all housing is 55 years old or older. Another 55 percent is more than 35 years old.
The complete FastFact can be viewed online.