Although the housing bubble resulted in the construction of many new homes, half the housing stock in the United States is nearly 40 years old--built in 1974 or earlier, according to the 2011 American Housing Survey.
The housing stock is older in some regions than others. The oldest is in the Northeast. In the Middle Atlantic states of New York, New Jersey, and Pennsylvania, half the homes were built in 1958 or earlier. The newest housing is in the East South Central states of Alabama, Kentucky, Mississippi, and Tennessee, where half of occupied housing units were built in 1980 or later.
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