Suburbia, Once Marked by Dying Malls, Is Thriving

From a story on by Erica Pandey headlined “America’s surprise revival: The suburbs”:

American suburbia — once marked by dying malls and empty office parks — is thriving.

The big picture: A number of demographic, housing and business trends are coming together to revive suburbs.

By the numbers: Between 2010 and 2020, the share of Americans living in the suburbs grew by 10.5%, per Census data — and the pandemic only accelerated this trend, the New York Times reports.

What’s happening: An increasing share of millennials, the largest generation, are buying homes and settling down. They’re choosing to do so outside of cities.