Multigenerational Households Are on the Rise and We Have One Available
Posted by PollyAnna Snyder on
The real estate and construction industry will increasingly have to grapple with an older population and consumers who want homes that can house extended families
United States is currently experiencing a sustained, decades-long growth in multigenerational households, according to recent research, though nearly a century of focus on single family housing means this transition also raises challenges.
Today, up to 41 percent of Americans who are buying a home are also considering accommodating a family member from another generation, such as an elderly parent or adult child, according to research first reported by Fast Company from John Burns Real Estate Consulting. That figure stands in stark contrast to the middle decades of the 20th Century, when only…
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