Builders across the country are revamping home designs to meet the needs of a growing number of Americans who are now living with extended family. The number of so-called multi-generational households — where adults are living with their elderly parents or grown children — has jumped since the Great Recession forced Americans to rethink living on their own. Demographic experts say it’s poised to rise further as baby boomers age, so-called “boomerang kids” walloped by the weak job market stay home longer and ethnic groups such as Asians and Hispanics, who are more likely to live with extended family, continue to grow.
The article also quotes Jim Park, vice chair of the Asian Real Estate Association of America, said he thinks multigenerational designs are a smart move, especially in light of Asian Americans’ preference for new construction and the community’s rising purchasing power.
What’s your opinion on this topic?
Posted via Seattle Real Estate-Seattle Homes For Sale