Aging U.S. housing stock

The U.S. is currently facing the challenge of an aging housing stock, despite a surge in homeremodelingduring the pandemic. As of now, the median age of the nation's owner-occupied houses is40 years. This aging brings with it an increased need for critical maintenance, renovations, and upgrades. Approximately half of the owner-occupied homes were constructed before 1980 and are now encountering issues such as limited access to water, escalating energy costs, faulty plumbing systems, poor ventilation, and deteriorating roofs.