Lennar unveils 2,945-sq.-ft. NextGen home priced at US$289,000 designed to house multiple generations in two separate living spaces
October 10, 2011
– Lennar Homes’ 2,945-square-foot NextGen home feature two distinct living spaces, complete with separate amenities, under one roof for multi-generational families, The Arizona Republic reported Oct. 8.
In addition to the three bedrooms and the two baths, the main house includes a dining nook, a kitchen, a den, a patio and a garage. The second suite includes a bedroom, bathroom, kitchenette, living room, laundry room, and a separate garage and patio.
The homes also include energy-saving amenities, including an automation system to control sprinklers, thermostats and pool pumps online.
According to Alan Jones, the president for the Arizona division, the company is adapting to a shift in the market as about 350,000 Americans per month are expected to turn 65 in the next 18 years, according to the article.
Jones said the company had expected their prime customers to be families taking in a parent, but have since been surprised with how many are bringing in adult children.
According to data from the U.S. Census Bureau, about 30% of adults are living in homes with two or more adult generations under the same roof, while about 14.2% of 25- to 34-year olds are living with parents, reported The Arizona Republic.
A Wall Street Journal report in September said this was due to the economic recession.
The company is building about 1,800 of the US$289,000 homes in its Layton Lakes development in Gilbert, Arizona, and is planning to build additional NextGen homes in the Valley and in Tucson.
The primary source of this article is The Arizona Republic, Phoenix, Arizona, on Oct. 8, 2011.