Home For Us, Mom And Kids

August 27, 2012

in Lennar,News

Home For Us, Mom And Kids

Between 2008 and 2010, the number of U.S. households that included three or more generations of residents increased 15 percent, according to Pew Research. Pew indicates that this appears to be a lasting trend, not just a short-term response to the Great Recession, because satisfaction levels with the arrangement are high. Miami-based Lennar Corp., which specializes in retirement homes, has introduced a whole line of multigenerational homes it calls “NextGen.” John Baayoun, division president of Lennar’s California Coastal Division, says the company started working on the idea two years ago and introduced the concept in Arizona, where it did very well. Since then, it has been expanded to other West Coast states and Florida, and will soon be added to the East Coast and Midwest lineups. The typical buyers, Baayoun says, are empty nesters with a child returning home or a parent moving in for convenience or long-term care. “The response has been tremendous,” he says. [Read this article]

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