The bottom of the U.S. housing market seems to be behind us and mortgage rates are at record lows.However, Americans are reluctant to buy a home due to shaky labour market conditions, weak wages, and the haunting memory of the recent housing bubble.
Rentals are popular and multi-family units are rising rapidly.
But is the dream of owning and living in a traditional home dead?
Homebuilder Lennar doesn’t think so.
In 21 markets around the country, Lennar is offering its NextGen design to address the rising demand for homes that house more than one generation of adults. Unlike most multi-family houses, the NextGen actually looks like a traditional home, and it’s marketed as a “home within a home.” But it offers plenty of privacy for both sides of the family.
And from what we can tell, the new normal isn’t as depressing as we would’ve thought.
This particular development is in California's Santa Clarita Valley. This plan is sold out due to popularity
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