According to the United States Census Bureau's Survey of Construction, the percentage of shares of new homes with two or more stories have fallen from 55%(2017) to 53%(2018). In comparison, new build homes of one story grew from 45% to 47% in 2018. In addition, most of the two or more story homes were proposed to be built in the coasts of the country (east and west). Why do you think this is occurring? Sound off in the comments below!
As elder residents are looking for a stable living situation, more and more are turning to renting, specifically to new homes built specifically for rent. Continue reading below to find out why more and more people are choosing to rent.