Buyers Split on Multigen Homes
More generations are living together under one roof since the pandemic, but that always hasn’t led to a increased desire for a multigenerational home. Buyers are mostly split on the need for a home with features to accommodate multiple generations. Thirty-nine percent of buyers said they would prefer a multigen home but another 39% would not, according to the report What Home Buyers Want, 2021 Edition, published by the National Association of Home Builders based on responses from more than 3,200 prospective buyers. Twenty-three percent of respondents said they were not sure how they felt about a home designed for three generations, the survey shows. Researchers said the responses varied by race and ethnicity. For example, 53% of Hispanic buyers favored buying a multigenerational home, followed by 50% of African Americans and 46% of Asian Americans. However, only 35% of Caucasian buyers would prefer a home designed for multiple generations. Mul...