Young adults aren’t rushing to live solo. Many prefer roommates – friends, relatives, strangers, or even parents.
Seeking housemates is not a desperate move. It's rational financial sense. This trend started with rising college debt and a tough economy, but even with more optimistic horizons, it continues. Additionally, multi-generational living is a supportive environment for all involved. New home communities are reflecting these changes.
Why it matters: New-home communities are more than housing – they’re multigenerational hubs where Millennials and Gen Z can build equity and Boomers gain convenience, while enjoying vibrant, connected lifestyles.
The shift
NAHB research: 19.2% of adults ages 25–34 nearly 8.5 million live with parents or in-laws. Additionally, many young adults also live with roommates.
What started as a financial necessity during the downturn has become a lifestyle choice.
Millennials, Boomers, and Gen Z are drawn to new-home communities with resort-style amenities and walkable urban vibes.
Multi-generational living is booming and new homes reflect this trend.
Why they work
Townhomes and condos mimic apartment perks – pools, trails, shared spaces, proximity to dining and shopping – but with ownership and equity.
Many new home communities mix single-family homes, townhomes, and condos for all ages.
Millennials and Gen Z value walkability and access to essentials.
Empty nesters downsize, move near adult children, and benefit from shared support and family connections.
Bottom line: The mix of townhomes and condos as well as single family homes in planned communities aren’t just closing the rent vs. buy gap — they’re closing the generation gap, too.
Check out NewHomeSource for the most complete listings of new home communities and filter to find the perfect new home for your family.
Julie Gordey
A lifelong educator, Julie Gordey, is a retired school administrator. After years of focusing on education, this University of Texas graduate now travels and enjoys freelance writing for BDX and NewHomeSource.com.