Currently Reading

Housing Market Conditions Have Led to Resurgence of Multigenerational Living

Advertisement

Housing Market Conditions Have Led to Resurgence of Multigenerational Living


November 22, 2017
Multiple generations
Photo: Pexels

More families in the U.S. are adopting more traditional living arrangements. Shifting demographics, evolving lifestyles for older Americans, economic circumstances, and increasing ethnic diversity are all important contributing factors.

Executive director of nonprofit Generations United Donna Butts claims there are many advantages to this arrangement -- studies have shown children in single-parent households that also include grandparents exhibited improved school performance, and one showing that older adults who spend more time with grandchildren live longer, per Curbed.

Butts says that this way of thinking—what she calls the ‘John Wayne, go-it-alone mentality’—is withering in the United States. Multigenerational living, when more than one generation lives under one roof (not counting young children or teens), has hit record levels in the U.S. In 2014, according to Pew Research Center data, 60.6 million people, or 19 percent of the U.S. population, lived in multigenerational homes, including 26.9 million three-generation households.

Read more

Tags

Related Stories

Trends

4 Technologies that Will Transform Real Estate

Crowdfunding is allowing mom and pop investors to invest in big projects that were once limited to institutions.

Trends

Old People Don’t Have to Live in Exile

Why is housing designed to help older people stay in the mix becoming a priority? Two words: Baby Boomers.

Trends

13 Predictions for Construction Growth

Thirteen members of the Forbes Real Estate Council share their predictions for construction growth, home affordability, and mortgage interest rates for the long term.

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.