The Shift Towards Multigenerational Housing
April 12, 2023
More and more, we are seeing multiple generations of a family living together in one home. The changing dynamics of the American family structure and financial uncertainty increase the desire for aging parents to live with their adult children, or younger adult children to stay at home longer. Multigenerational households currently make up about 18% of households in the U.S., which is more than double than the 1970s when it was only 7% of homes. A multigenerational home is defined as having at least 2 adult generations living under one roof. Factors Driving the Shift There are several factors driving the shift towards multigenerational housing.