Home Builders Cater to Multi-Generational Living Situations

by | Nov 4, 2013 | Blog, Buying a Home | 0 comments

Denver home constructions - RE/Max of Cherry CreekYears ago, it wasn’t unusual to find several generations living under one roof. But as America grew and prospered, single-family living eventually became the norm.

Now, what’s old is new again, and as the fallout from the economic downturn continues to ripple through society, we are seeing a return to extended families sharing living space.

The number of multi-generational households has increased by 60% since 1990, according to the U.S. Census Bureau. A 2012 survey by Pulte Group Home Builders reported that 32% of adult children expect to eventually share their house with a parent. Those finding it necessary to currently share living space with family members include:

  • New college graduates having difficulty landing a job.
  • Those who have lost their jobs and are in transition.
  • Retirees who have seen their retirement investments diminish in recent years.
  • Families who have lost their homes to foreclosure.

To accommodate this trend, home builders are designing and building homes to meet the needs of these families. The new homes aren’t yesterday’s cramped quarters, but instead feature spacious suites that offer privacy, while remaining part of the main house.

In Colorado, for example, Lennar is offering multi-generational models in Castle Rock and Arvada. The homes come in two styles: 1) a ranch-style floor plan with 3 bedrooms, 2 bathrooms and a 3-car garage, as well as a private suite that includes a bedroom, living area, kitchenette, laundry and private entrance; 2) a 2-story home with 4 bedrooms, 3.5 bathrooms and a three-car garage and a private suite that offers the same amenities as the ranch model.

 “We have created this plan to allow for dual living situations without sacrificing comfort – it’s literally a home within a home,” says Rusty Crandall, division president of Lennar Colorado.

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