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Empty Nest to Full House: Multigenerational Families Are Back!
Empty nest to full house: Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to a recent Pew Research Center report, the number of multigenerational homes dropped to as low as 12% in 1980 but has shot back up to 19%, roughly 60.6 million people, as recently as 2014.
Multigenerational households typically occur when adult children (over the age of 25) either choose to, or need to, remain living in their parent’s home, and then have children of their own. These households also occur when grandparents join their adult children and grandchildren in their home.
According to the National Association of Realtors’ (NAR) 2016 Profile of Home Buyers and Sellers, 11% of home buyers purchased multigenerational homes last year. The top 3 reasons for purchasing this type of home were:
To take care of aging parents (19%) Cost savings (18%, up from 15% last year) Children over the age of 18 moving back home (14%, up from 11% last year) Donna Butts, Executive Director of Generations United, points out that,
“As the face of America is changing, so are family structures. It shouldn’t be a ... more

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