Friday, September 9, 2016

Multi-Generational Housing Growing by Leaps and Bounds

In 2014, 19% of the population of the United States lived in multi-generational households. That’s 60,000,000 people.

Recently, statistics are showing that multi-generational households have been steadily increasing. Multi-generational households are defined as having two or more adult generations or one that includes grandparents and grandchildren. According to the report, the increase in multi-generational households spans across all racial and ethnic groups, but Asians, Hispanics, and foreign-born Americans are most likely to live in multi-generational households.

Aging baby boomers are a large driving force—and this population is growing rapidly—as well as younger adults who struggle to establish careers after college or who have other financial reasons such as the recent recessionary period.

The National Association of Homebuilders reports an increase in remodeling requests for aging in place. The preference is for each generation to have separate living quarters for privacy.

National builders such as Lennar Homes have also designed a NextGen home which is described as a home within a home, with plenty of places for family to interact, but private places as well so family members have their own space to retreat.

There are also companies building small modular ADUs that are placed on existing properties. The common term for these modulars are Granny Pods.

Valerie Jurik

If you are a modular home builder in the Midwest, the Modular Boot Camp in Indianapolis on September 14th will be a great place to hear Valerie Jurik, one of the top Aging in Place spokespersons in the country, explain how modular home builders and their factories are the perfect choice of Granny Pods.

A successful multi-generational home can have many advantages in terms of shared costs and care for each other, and the trend seems to be growing. This will have implications in the ongoing affordable housing crisis as a solution for the growing, aging, baby boomer population.

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