Tuesday, October 23, 2007

Average Age of Home Now 33 Years

Why will remodeling remain strong in the next few years despite the slump in new housing? Qualified Remodeler explains in its media kit that the average age of the American home is now 33 years, spurring the need for home improvements. As homes age, the annual expenditure for repair and improvement also rises.
According to the Homeownership Alliance, as quoted by QR, the average age of the American home will be 37 years by the year 2013.

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