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Boomerang Grads Returning Home to Live...Housing Dynamic Has Changed
 A growing trend: multi-generational living has made a comeback, and it is not just the Grandparents moving in.  Interesting articles on how the times have changed the living situations for three generations of Americans.  The  Baby Boomers will have a reason to keep their larger homes for awhile longer. 
 
Impact on U.S. Housing Market Demand of Boomerang Students Returning Home
Housing-Market / US Housing
Oct 29, 2012 - 06:36 AM
By: Mike_Shedlock
 
According to a study by the U.S. Census Bureau Multigenerational households on rise in U.S. More than 4.3 million, or 5.6 percent, of the 76 million family households in the U.S. today are multigenerational households, or families living together that include a grandparent, parent and children as well as other family members, according to a study by the U.S. Census Bureau's American Community Survey.
Multigenerational Families
3.7% in 2000 4.0% in 2010 5.6% in 2012 There was only a gain of .3% in the 10 years between 2000 and 2010, but a gain of 1.6% in the next two years. That small 1.6% increase represents a decrease in demand of 1.216 million homes. However, those survey results are for three generations and thus do not include all the kids graduating from ... more

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