Multi-generational housing is a temporary fix for economic woes

This article discusses the short-term trend of multi-generational housing development and the long-term implications of such development within the real estate market.

Family-style living

As the economy continues to slowly rebound, more families are choosing to consolidate multiple generations under one roof. Now, approximately 20% of Americans live in multi-generational homes, per Lennar Homes architects. Lennar Homes reports they are responding to this trend by pursuing multi-generational housing development.

The company recently launched a Next Gen model created for families larger than the standard nuclear arrangement. These multi-generational homes are complete with separate entries, independent lock-offs, an additional kitchen and extra living space to accommodate as many different residents living in one home as possible.

With entry to the various sections of the homes accessible both inside and out, these houses are not considered multi-family units, and thus are not subject to multi-family zoningBuilding and land use restrictions enacted by local policy makers to ensure a consistent flow of improvements to meet the demand of population growth..  This is a variation on the grannie flats and casitasAttached, freestanding, or over-the-garage apartments that have no direct access to the main house. common to much of California’s more upscale regions.