The Myth of the Back-to-the-City Migration : The condo bust should lay to rest the notion that the American love affair with suburbia is over

Joel Kotkin in the Wall Street Journal reports:

Pundits, planners and urban visionaries—citing everything from changing demographics, soaring energy prices, the rise of the so-called "creative class," and the need to battle global warming—have been predicting for years that America's love affair with the suburbs will soon be over. Their voices have grown louder since the onset of the housing crisis. Suburban neighborhoods, as the Atlantic magazine put it in March 2008, would morph into "the new slums" as people trek back to dense urban spaces.

But the great migration back to the city hasn't occurred. Over the past decade the percentage of Americans living in suburbs and single-family homes has increased. Meanwhile, demographer Wendell Cox's analysis of census figures show that a much-celebrated rise in the percentage of multifamily housing peaked at 40% of all new housing permits in 2008, and it has since fallen to below 20% of the total, slightly lower than in 2000.

An article well worth time.