FAR - News & Events - Study determines lifespan of new home components

FAR - News & Events - Study determines lifespan of new home components: "WASHINGTON – March 13, 2007 – How long will a home improvement actually remain an improvement? How long do new wood floors last? New stoves? A new countertop?

A study sponsored by Bank of America Home Equity and conducted by the National Association of Home Builders (NAHB) attempts to quantify lifespan, with a nod to the fact that many factors – use, maintenance, climate, advances in technology and simple consumer preferences – can have a dramatic effect on product longevity. The National Association of Home Builders/Bank of America Home Equity Study of the Life Expectancies of Home Components was conducted in the summer of 2006."