Cities grow more than suburbs, first time in 100 years
MSNBC – June 28, 2012
For the first time in a century, most of America’s largest cities are growing at a faster rate than their surrounding suburbs as young adults seeking a foothold in the weak job market shun home-buying and stay put in bustling urban centers.
Cities Outpace Suburbs in Growth
Wall Street Journal – June 28, 2012
Home builders are betting that there is a longer-term shift under way. Many builders that previously worked entirely on single-family homes in the suburbs have refocused to keep up with what they say is a change in demand. Three of the largest publicly traded U.S. home-building companies—Toll Brothers Inc., TOL Lennar Corp. and Hovnanian Enterprises Inc.—have in recent years built mid-rise and high-rise condominium towers in urban areas such as New York City, Northern New Jersey, Philadelphia and Irvine, Calif., looking to capitalize on consumers’ rising distaste for long commute times and interest in housing that is closer to cities’ cultural and job centers.
Highway bill conference report released
The Hill – June 28, 2012
The bicameral agreement on a new surface transportation bill has been released early Thursday morning by the House Rules Committee.