American Families & Multigenerational Home Plans: A Changing Household

American Families & MULTIGENERATIONAL HOME PLANS: A CHANGING HOUSEHOLD About 1/6th of the population - more than 51 million Americans - now live in multigenerational households. Since the Great Recession hit in 2007, the prevalence of multigenerational households has increased 10%. Here we explore the economic, demographic, and other reasons why multigenerational housing is so popular these days. Before WWII, it was common for multiple generations to Multigenerational Homes: YESTERDAY & TODAY share one home. Gls returning from WWII, however, were attracted to suburban single-family homes. Multigenerational housing bottomed out in the early 1980s, but it has enjoyed increasing popularity since then. According to the U.S. Census Bureau's definition, a multigenerational family has more than two generations living under one roof. 25% % of U.S. Population Living in Multi- Generational Homes 16% 15% 15% 12% THE CHANGING AMERICAN HOUSEHOLD: 1940 1960 1980 2000 2010 THE SHIFT TO MULTIGENERATIONAL LIVING Increase in Multigenerational Households: 2000 Census: American Households 51.4M 46.5M +10.5% 3.9M have 3+ GENERATIONS 4 GÉNERATIONS 78,000 have +30% 2007-2009 The "Great Recession' 2000 - 2010 2000 01 02 03 04 05 06 07 08 09 2010 During the Great Recession (2007-2009), the multi-generational household population shot up, increasing by 4.9 million or 10.5%. What is Causing the SHIFT? Middle Generations Caring for Aging Parents "Boomerang" Children 30% 1 27.7 21.6 26% 1970 Today 13% 20% Economic Challenges those older than 85 living in nursing homes 11.0 10% 0% 1940 1950 1960 1970 1980 1990 2000 2010 2060: People 65+ years of age doubles to 92 million % of adults ages 25-34 living in a multi-generational household 2/3 cite economic reasons BENEFITS OF Today's families initially choose multigenerational housing for MULTIGENERATIONAL its economic benefits; they often stick with multigenerational HOME PLANS homes plans for other unanticipated benefits. 75% i 1t 82% t1t +12.5% say Caring for Older Generations say Closer Connection with Family Members say Free Childcare Grandparents Providing for Live-in Grandchildren 2.4M 2006 2010 2.7M Dissecting a |Typical Multigenerational Home House plans designed for multiple generations or with In-Law Suites include more private areas for independent living such as small kitchenettes, private bathrooms, and even multiple living areas. Below is The Vidabelo home plan with important elements of its multigenerational design outlined. Included Features of Multigenerational House Plans FULL BATH MASTER 1 PATIO Plan 2396 GARAGE 23/6 X 22/0 The Vidabelo BENCH DINING PAN MAIN FLOOR FOYER A SHARED LIVING AREAS easily accessible communal space PORCH VAULTED GREAT ROOM PORCH B DEN may be converted to bedroom and bathroom MEDIA CENTER DEN C MAIN FLOOR PRIVATE QUARTERS dual master suites offer privacy MASTER 2 D FULL BATHS ON MAIN FLOOR to facilitate aging in place FULL BATH E LARGE, ACCESSIBLE PATIO space for the whole family UPPER FLOOR VAULTED PLAY / GAME ROOM ADDITIONAL LIN LIN BEDROOM F PLAY ROOM/GAME ROOM an upstairs haven for kids BUILT-INS G ADDITIONAL BEDROOMS adaptable bonus space and room to grow BELOW SOURCES: GU.org, PewSocialTrends.org, PulteGrouplnc.com, AARP.org, DailyFinance.com, Wikipedia.org, HuffingtonPost.com, PRNewsWire.com, Houseplans.co Copyright © Alan Mascord Design Associates H Houseplans.co http://www.houseplans.co