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Want to Find the Fastest-Growing Multi-Gen New-Home Markets?
John McManus / Builder / July 21, 2014
A new Pew Research study turned heads last week, and you can understand why. The study looks at household composition, and specifically at the eye-popping increase over the past 34 years in households that host multi-generational family members. The number doubled since 1980, from 28 million to 57 million–or upwards of one in five U.S. households, which is probably one of the most dramatic household demographic shifts since the era of the two-income household.
The Pew analysis, plus day-after reports in the Wall Street Journal by Laura Meckler, here, and Bloomberg/ BusinessWeek by Zara Kessler, here, tie the multigenerational phenomenon to various drivers, both economic and cultural.