Four years of college and Johnny cannot find a job. Despite his best efforts, he swallows his pride and moves back to his parent’s house. His working parents are helping his grandparents downsize and find a small retirement place. Meanwhile, Johnny’s younger sister decides that the dorm is too loud and expensive, so she, too, moves back home. Eldest son Jack was laid off months ago and now needs to temporarily move his young family into his parent’s basement—until they can get back on their feet.
Plans change. Lifestyles collide. A multigenerational construction trend is born.
According to an article by Diana Olick of CNBC.com, 69 million Americans “doubled up” in 2011 — up from 28 million multigenerational or roommate households in 2008.
Builders are delivering homes that accommodate the need; featuring in-law suites, interior apartments, multiple master suites, separate entrances, sound-proofing and accessibility.
The construction industry has been hammered by soft demand; therefore builders are paying close attention to buyer needs and preferences. They are hyper-vigilant and extremely responsive in addressing buyer demand. Check out the video clip highlighting this developing construction trend.
What new housing trends are you seeing in your marketplace?
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