https://eyeonhousing.org/2023/02/the-aging-housing-stock-6/ National Association of Home Builders Discusses Economics and Housing Policy Tue, 20 Aug 2024 14:48:17 +0000 hourly 1 https://eyeonhousing.org/2023/02/the-aging-housing-stock-6/#comment-2235616 Sun, 07 Apr 2024 19:12:08 +0000 https://eyeonhousing.org/?p=33010#comment-2235616 “Multi-family construction” housing in the US is the elephant in the room, now (2024) making up nearly 95% of all new construction starts, and are almost entirely rental units (over 96%), so they aren’t even being discussed by this article, which covers owner-occupied housing stock.
No one in America wants to still be renting when they’re 35+ and have a family, they aspire to single family zoned owner-occupied housing. What is sorely needed is a better, more incentivized (perhaps US government subsidized) system of helping people in older, increasingly decaying and obsolescent housing stock (the majority now over 40 and thus over the designed lifespan of the major systems in the structure, from plumbing to electrical, concrete to roofing) obtain low cost funding to rehab, remodel, replace, and repair. Once a structure has been neglected sufficiently it becomes more cost effective to tear it down and replace.

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