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National News: Multi-generational Living!


Did your kids move home after college? Do you have parents living with you? A new analysis from the Pew Research Center shows that households with two or more adult generations hit an all-time high in 2016, using the most recent census data available for the analysis.

The number of multi-generational households rose to an all-time high of 20%—or 64 million—of the U.S. population in 2016. The multi-generational household trend appears to be growing across nearly all racial and age groups, the Pew Research Center reports. A specific increase in Asian and Hispanic populations does make up a significant part of the boost—both ethnic groups are more likely to live in multi-generational households than white households. About 29 percent of Asians lived in a multi-generational household in 2016 compared to 27 percent of Hispanics, 26 percent of blacks, and 16 percent of whites.

Also, millennials are the most likely age group to live in a multi-generational household. 33% of those ages 25 to 29 live with their parents, according to Pew Research’s analysis. But a greater number of older adults are starting to live with their adult children too.22% percent of those aged 55 to 64 are living with their children, and 21% of those ages 65 and older are living with their children or adult grandchildren, according to the analysis.

Builders have been trying to prepare for the growth in multi-generational living, such as by introducing new floor plans that include mother-in-law suites, two main floor master bedrooms, or backyard cottages.

Source: “Number of Multigenerational Households Hit All-Time High,” HousingWire (April 9, 2018)

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Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

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