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Mortgage
Update
Compliments of John Cofiell
John Cofiell
Direct
818-665-4528
E-mail
johnc@frfgp.com
www.frfgp.com
Multi-Generational Housing
With three or more generations sharing a house,
architects and builders are rethinking floor plans and
elevations. Here’s what they’re doing now and what the
future may hold.
Some dwellers live with their parents, kids, brother,
grandmother, great-aunt, aunt, uncle, or cousins. Somehow,
they make it work. Multi-generational households have just
become more prominent now because of the economy, and
because we’re living longer and aging at home.
Multi-generational housing is an old concept that is
making a comeback. About 57 percent of people age 65 and
older live with extended family. About 6.6 million American
households have at least three generations of family members,
an increase of 30 percent since 2010. Multi-generational
is more broadly defined to include at least two adult
generations, a record 49 million people (one out of six) live in
such households.
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