According to the National Association of Home Builders' (NAHB) 2016 "Missing Young Adult Households" study, 20% of millennials are living with their parents. Writer Leslie Man takes a look at how millennials are becoming more permanent fixtures in the homes of their parents and how home builders and real estate agents see them influencing purchases. For the remodeling industry it means that more and more homes are going to need to be renovated to fit a multi-generational family.
When looking for homes, buyers are making room for multiple generations so that grown children or aging parents have somewhere to stay. PulteGroup is one of the home builders and remodelers are designing homes with this in mind:
In a PulteGroup single-family house, the kid enjoys his or her own bed-and-bath suite, sometimes with a kitchenette, separate entrance or living space too. In a town home, the young adult has the lower level, while the buyers sleep on the second level and the family shares the kitchen and family room on the main level.