### FAQ

#### 1. Why did the trend of two or more stories homes reverse in 2023?
The trend of two or more stories homes reversed in 2023 due to a decrease in the share of new homes with two or more stories, after gains in the previous two years.

#### 2. What was the nationwide shift in the share of new homes with one story versus two or more stories in 2023?
Nationwide, the share of new homes with two or more stories fell from 52% to 51% in 2023, while the share of new homes with one story grew from 48% to 49%.

#### 3. Which regions showed a stronger preference for single-story homes in 2023?
New homes started in the Midwest and South generally showed a stronger preference for single-story homes, except for the South Atlantic division. In the Midwest and South divisions, the shares of new homes started that were one-story ranged from 52% to 60%.

### Conclusion

The data from the US Census Bureau’s Survey of Construction (SOC) and NAHB indicates a reversal in the trend of two or more stories homes in 2023. Despite the decline in the share of new homes with two or more stories, it remains higher than the share of one-story homes started. The shift in preferences for home designs across different regions highlights the dynamic nature of the housing market. The concentrations of two-or-more story homes along the coasts of the country suggest a preference for such designs in those areas. It will be interesting to see how these trends evolve in the coming years.