According to the pension cafe, more than 500,000 new residential units in the United States were completed last year. All of these constructions can help to explain a trend: According to a report by Propertyshark, the housing stock in most cities will be younger.
The researchers analyzed data from the US Census Bureau in cities and cities with at least 25,000 inhabitants and then rated all 1,839 places based on the changes in the middle of the adopted from 2013 to 2023. In 86 percent of these cities, the typical house became younger.
In 2013 the typical US house was built in 1976. It was built in 1980 by 2023 – which was the average secretary, according to the report by four years. The new building was the main driver, which was stimulated by “lack of housing, population growth and migration trends” in the direction of larger cities and sunbble states.
The cities with the biggest declines in the Hungry were Williston, ND and Farmers Branch, Texas (a suburb of Dallas) – 25 years each. The report states that the population in Williston “has increased by more than half, while the number of houses has almost doubled”, the result of an oil boom at the end of the 2000s, which attracted new investments in billions of dollars.
The next five locations on the list were in New York and New Jersey. In New York, the biggest reductions in cities in the Hudson Valley and Finger Lakes: Middletown, Monsey and Ithaca were in cities in the Hudson Valley region. In New Jersey they were in quickly developed New York satellites: Hoboken, where the average house became younger for 19 years, and Jersey City, where it got younger for 18 years.
Which larger cities had the country's oldest housing stocks from 2023? In St. Louis, Mo., Buffalo, Ny, New Bedford, Massachusetts, Rochester, NY, and Providence, Ri, was the average year 1939 and made the average secretary around 84 years old.
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