Tag: aging

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Ageing Housing Inventory Fuels Residence-Enchancment Growth

Lowe’s says same-store gross sales rose 5% in 4Q 2021, partly as a result of the housing inventory is growing old and extra annoyed patrons are choosing 30-plus year-old houses.

NEW YORK – The house enchancment increase reveals few indicators of slowing down. Lowe’s instructed shareholders Wednesday its same-store gross sales had been up 5% within the fourth quarter. The corporate additionally raised its gross sales forecast for the 12 months to $99 billion. That was after Residence Depot reported an 8% improve in same-store gross sales the day earlier than.

One large motive for the expansion: a housing inventory

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Ageing homes are fueling a house enchancment growth

The house enchancment growth reveals few indicators of slowing down. Lowe’s instructed shareholders Wednesday its same-store gross sales have been up 5% within the fourth quarter. The corporate additionally raised its gross sales forecast for the 12 months to $99 billion. That was after Dwelling Depot reported an 8% improve in same-store gross sales the day earlier than. One huge cause for the expansion: a housing inventory that’s getting outdated.

In 2005, the median age of an owner-occupied home on this nation was 31 years. It’s been climbing ever since, to about 40 years right now. Why?

“Nicely, the truth

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Tiny getting old Arcadia close to OKC is booming with new properties and newcomers

ARCADIA — Tanya Brackeen discovered her coronary heart earlier than the horse.

In her new home on Arcadia’s Primary Avenue, her coronary heart advised her that tiny however booming Arcadia, inhabitants a bit over 200, was house.

On the road, the sight of somebody on horseback — and never for the rodeo parade — let her realize it was a special sort of house from the place she grew up in city northeast Oklahoma Metropolis.

Arcadia can be in contrast to the neighborhoods she explored whereas home looking throughout the metro space: It is a bit bit city, a bit

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