From Empty Nest To Full House Multigenerational Families Are Back

Dated: 11/19/2016

Views: 103

Multi-generational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to a recent Pew Research Center report, the number of multi generational homes dropped to as low as 12% in 1980 but has shot back up to 19%, roughly 60.6 million people, as recently as 2014.


Image title


Multi-generational households typically occur when adult children (over the age of 25) either choose to, or need to, remain living in their parent’s home, and then have children of their own. These households also occur when grandparents join their adult children and grandchildren in their home.


According to the National Association of Realtors’ (NAR) 2016 Profile of Home Buyers and Sellers, 11% of home buyers purchased multi-generational homes last year. The top 3 reasons for purchasing this type of home were:

  • To take care of aging parents (19%)

  • Cost savings (18%, up from 15% last year)

  • Children over the age of 18 moving back home (14%, up from 11% last year)

Donna Butts, Executive Director of Generations United, points out that,

“As the face of America is changing, so are family structures. It shouldn’t be a taboo or looked down upon if grown children are living with their families or older adults are living with their grown children.”

For a long time, nuclear families (a couple and their dependent children) became the accepted norm, but John Graham, co-author of “Together Again: A Creative Guide to Successful Multi-generational Living,” says, “We’re getting back to the way human beings have always lived in – extended families.”


This shift can be attributed to several social changes over the decades. Growing racial and ethnic diversity in the U.S. population helps explain some of the rise in multi-generational living. The Asian and Hispanic populations are more likely to live in multi-generational family households and these two groups are growing rapidly.


Additionally, women are a bit more likely to live in multi-generational conditions than are their male counterparts (20% vs. 18%, respectively). Last but not least, basic economics.


Carmen Multhauf, co-author of the book “Generational Housing: Myth or Mastery for Real Estate,” brings to light the fact that rents and home prices have been skyrocketing in recent years. She says that, “The younger generations have not been able to save,” and often struggle to get good-paying jobs.


Bottom Line

Multi-generational households are making a comeback. While it is a shift from the more common nuclear home, these households might be the answer that many families are looking for as home prices continue to rise in response to a lack of housing inventory.

Latest Blog Posts

OPEN HOUSE SUNDAY Spacious 5BR Sparta Woodlands Home With HUGE Backyard

341 West Mountain Road offers a light-and-space filled respite set in the beautiful Sparta woodlands. Come see for yourself at our OPEN HOUSE Sunday, June 24th from 1pm-3pm!Quiet and private, this

Read More

5 Home Related To Dos Before Leaving On Vacation

With school out and the summer sun shining down, thoughts turn to summer vacation trips.  Team Nest Builder offers these 5 home-related tips to follow to avoid everything from minor

Read More

COMING SOON Spacious Private 5BR Sparta Home

341 West Mountain Road offers a light-and-space filled respite set in the beautiful Sparta woodlands.Quiet and private, this 5BR, 2.5 Bathroom home features a home office, a family room with a

Read More

Why Buying A Home Is Better Than Renting

People often ask if now is a good time to buy a home in New Jersey, but nobody ever asks whether or not it’s a good time to rent. Regardless, Team Nest Builder wants to make certain that everyone

Read More