According to Census data released yesterday, the annual rate of growth in American cities and surrounding urban areas has now surpassed that of exurbs for the first time in the last twenty years. In fact, in 2010-2011, the growth rate of cities was .8 percent whereas the growth rate of the exurbs was a mere .4 percent. An article in the Washington Post suggests that this rise in urban growth is largely due to high gas prices and the millennial preference for cities. The growing number of residents in American cities confirms CEOs for Cities' Driven to the Brink, an analysis that shows that high gas prices and the cost of commuting from suburban areas is reshaping the American housing market.
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