Third Chapter Curious: Industry News Round-up - Segment I

In this first segment, we focus on multigenerational housing environments and their current and future relevance. There is a steadily growing trend of families or people in diverse age groups choosing communal living options. Of the many contributing factors, the standouts seem to be rising housing costs for renters and owners alike, and the desire for older generations to age-in-place in their own homes rather than senior living facilities. Multigenerational households can be beneficial for everyone while providing independence, dignity, financial stability, and socialization.

The saying, “It takes a village” is becoming increasingly relevant to our modern world, and provides a window for us to embrace community and technology to enjoy a greater quality of life that is accessible and beneficial. 

Article 1: 

“The rise of multigenerational housing: Why we’re seeing more generations under one roof” - Written by Bailey Shulz for USA Today

Some trends take decades to fully catch on, so can they truly be called trends, or are they future standards making themselves known?

Living at home with your parents as an adult typically comes with a stigma attached. While it may seem to be a failure to launch situation, it can be an interdependent arrangement that benefits everyone.

This can be utilized as a temporary situation for young people to save up money for a home of their own, but some families are making additions to their homes specifically for their loved ones. Some are even building accessory dwelling units (ADU) on their property to accommodate children, parents, grandparents, or anyone in need of a manageable space.

ARTICLE LINK

Article 2: 

“All in the family: The Rise in Multigenerational homes” - Written by Linda Bell and edited by Troy Segal for Bankrate

🎶Those were the days!🎶

In previous time periods, living with family wasn’t something out of the ordinary, it was a cultural convention—one that previously declined, but returned and has grown steadily since the 1970s. 

Rising costs are a leading factor in the decision for some people to embrace multigenerational housing, but adult children wishing to provide care for their aging parents and continue to enjoy familial bonding, also play a role.

ARTICLE LINK

Article 3: 

“Making Multigenerational Communities Happen” - Written by Matt Norris for Urban Land

Necessity is the mother of invention. If we want something new and different, we have to be the ones to make it happen.

There are many people expressing interest in not just multigenerational home environments, but community development to make this dream a reality. The options range from cohousing, where people have their own living units which are centered around communal spaces, to cottage communities with shared land and other resources. This could very well become the future, with entire towns and cities built around this idea. 

ARTICLE LINK

Written and edited by Cameron Thompson for Third Chapter Curious, LLC, 2025