Multigenerational Families Are Increasingly Living Under One Roof, Business and Industry Trends Analysis

American families are shifting their living arrangements in response to economic conditions, longer life spans and the influence of different cultures.  Zillow reported that 22.5% of adults aged 24-36 (about 12 million people) were living with their parents as of 2016, compared to only 13.5% in 2005.  Homebuilder PulteGroup conducted a survey in 2012 of 511 homeowners across the U.S. which found that 15% of homeowners with aging parents already had those parents living with them, and 32% expect to eventually share their homes with their parents.  In addition to a multigenerational concept within one family, some homeowners may want…

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