Editor’s note: The link to this Forbes article was provided in the NAHB’s Housing Headlines newsletter
By Joel Kotkin
It’s time to put an end to the urban legend of the impending death of America’s suburbs. With the aging of the millennial generation, and growing interest from minorities and immigrants, these communities are getting a fresh infusion of residents looking for child-friendly, affordable, lower-density living.
We first noticed a takeoff in suburban growth in 2013, following a stall-out in the Great Recession. This year research from Brookings confirms that peripheral communities — the newly minted suburbs of the 1990s and early 2000s — are growing more rapidly than denser, inner ring areas.
Peripheral, recent suburbs accounted for roughly 43% of all U.S. residences in 2010. Read the rest of the blog.