According to the National Association of Realtors buyers purchasing multi-generational homes during the pandemic rose to a new high of 15%, The number has been tracked for less than a decade.
Pre-pandemic there was an even split between buyers who purchased a multi-generational home for aging parents and for adult children boomeranging back or never leaving. Now the top reason to purchase a multi-generational home is for aging parents to move into the home.
During the great recession, we saw an uptick in young people moving back home this trend is more about giving the older generations a place to live.
Multi-generational housing is pretty scarce but existing housing can be modified. I grew up in a multi-generational household. My parents had an addition put on the back of the house so that my grandmother could live with us. She had her own entrance bed, bath, and sitting room just off the kitchen.
When my mother was growing up her grandmother lived with them in a spare bedroom.