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Families Choosing Multigenerational Homes Prompt New Home Design Trends
Date:9/17/2013

00, according to the Minneapolis Association of Area Realtors (MAAR).

Why Housing Analysts Anticipate Higher Numbers In Multigenerational Living:

1. Children Return To Multigenerational Living While Paying Of School Debt - College children are finding that moving in back home with their parents is their best financially option. Pressed by a tougher time finding gainful employment after graduating from college, and staggering student loan debts to pay off, simply moving back home is more often the choice over renting.

2. Aging Seniors Opting To Live With Family Members - The trend in the last few years has been an increase in aging parents deciding they would rather live with their children than move into assisted living. Housing trends anticipated that over the next 40 years the 65+ population will reach 92 million; with the voluminous increase in senior population numbers, the number of multigenerational homes is sure to keep growing.

3. Uptick in Immigrant Households - A growing immigrant population that prefers communal living over single-family homes. Moving to a new country or state may be change enough. Multigenerational housing may well be the established norm in the home they grew up in.

"We definitely see this as a segment of the market that’s going to be there for a while," says Rodney Harrell, a senior strategic policy adviser at AARP. Home builders may not necessarily see multigenerational living quarters as their main focus for the future; however, there housing data supports anticipating an increasing demand for this type of housing. Requests for home renovations and adding on for multigenerational living needs are on the rise. The rise in multigenerational living is more than a result of th
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