Multi-generational Households Increasing

Green Escrow | Real Estate News

According to a report by HousingWire based on U.S. Census Bureau data 20 percent of all households are currently multi-generational. This is equivalent to approximately 64 million people.

This trend is true across all racial and age groups led by Asian (29 percent) and Hispanic (27 percent) households.

Age-wise, millennials are most likely to be be living in a multigenerational household with 33 percent of those 25 to 29 currently living with their parents.

New construction is beginning to account for this trend by building more mother-in-law suites, two main floor master bedrooms or backyard cottages.