Aging housing stock prompts remodel boom.

Hello hello from Kellow Construction!

Real quick some new business to discuss. We added two new pages to our website: Services, and Careers. Now site visitors can easily know more about what services we provide. Also if you know any talented people who might be a good fit for our growing company, hop to it and send them our way.

Now onto this newsletter's topic. We wanted to share this really interesting article with you about the aging housing stock. Link to full article here. It is short and sweet, you should check it out.

This article rings so true and brings data to what we have been seeing. It feels so obvious, but it's something I hadn't thought about like this until now.

The country’s aging housing stock is prompting homeowners to make more home renovations, particularly younger owners who have faced limited housing inventories for sale. Nearly half of U.S. homeowners plan to upgrade or remodel their homes this year, according to a survey from 2021 conducted by LendingHome, a lender to real estate investors. The trend is most prominent among homeowners between the ages of 25 to 44, who are undertaking the most renovations and looking to bring new trends and renovations to the aging homes they purchase.

I also thought this graph from the National Association of Home Builders was worth including.

We're always looking for new topics for our newsletters so if you have anything you'd like to bring to our attention please do. And lastly, make sure to follow us on Instagram if you haven't already!

Thank you for reading and we hope you have a fantastic weekend.

Sincerely,
The Kellow Construction Team