The lack of new housing construction in the United States is forcing potential homebuyers to choose from an aging stockpile that on average is nearly four decades old, according to new data from online real estate broker Redfin.
In a May 12 report, Redfin indicated that the typical home bought in the United States hit a record age of 36 years in 2024, up from 27 years in 2012. This nine-year increase highlights how a lack of new construction over the past 15 years has accelerated the aging of the United States’ housing stock, according to the report.
