Citing data from the American Community Survey, The NAHB’s Eye on Housing says the median age of owner-occupied homes in the U.S. is 39 years. They say this aging housing stock is signaling a growing remodeling market, as older structures will need to add new amenities, and repair/replace older components. They also point out that residential construction continues to fall behind in the number of new homes built. Continue reading HERE...
A recent report from Rentcafe says renting is at the highest level in half a century, with 43.7 million households currently living in rentals. In addition, the report says that over the past decade,
The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000, which is 8.1% lower than August’s revised number and 7.7% lowe
According to a recent report from DC’s WUSA9, a couple in Maryland had a contract with a bank to buy a vacant foreclosed home, however when they went to move in there was a rental truck in the drivewa