Forbes

Multigenerational housing is increasingly being embraced by Millennials and Baby Boomers seeking to address housing affordability, growing caregiving needs, and extending retirement savings and security.

This shift isn’t merely a statistic—it represents a fundamental rethinking of family living arrangements in response to economic pressures and caregiving needs. According to Jessica Lautz, Deputy Chief Economist of the National Association of REALTORS®, “Multigenerational home buying has risen to an all-time high of 17% of home buyers.”

Lautz explains that “Pooling finances and resources are especially important when childcare and elder care are at play. Parents may have an extra hand to help children, while they are ensuring safety and companionship for older family members. Multigenerational living can help families find workable solutions to the housing affordability crisis, as multiple individuals can contribute to both the mortgage and housing expenses. It may be easier to find a larger home, because inventory is incredibly limited for smaller homes.”

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