Investor Presentaiton
2001
2002
2003
2004
2005
2006
2007
2008
U.S. Single-Family Housing Starts: 2001-2023
2,000
26
1,800
25
1,600
1970-2000 Average
1,400
Actual SF Starts
24
1,200
1,000
23
800
22
600
400
21
200
0
20
20
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
POSITIONED FOR HOUSING AND R&R TAILWINDS
Over the last 20 years, compared to the prior
30-year average demand, there is a cumulative
undersupply of almost 3M single-family homes.
Source: U.S. Census Bureau and Company estimates
The average home in the U.S. is over 40 years
old. The number of homes over 20 years old is
set to grow steeply due to the 2002-2006 cycle.
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BUILDING
LP SOLUTIONS
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བཅལ་
2018
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2022P
2023P
2024P
2025P
U.S. Single-Family Homes of
"Prime Remodeling" Age (between 20 - 39 years old)View entire presentation