The suburban urban dynamic now which has been branded “surban”… Sharing this movement five years earlier with clients, peers and friends rapidly is becoming the new American landscape. Just in case the reverse occurs to a suburban rural movement let the record show I’m coining such as “surural”.
At any rate, the research and data surrounding this movement leans heavily upon the wants and needs of the millennial community. However, baby boomers are just as much aspiring for and fueling this development.
Older millennials, often motivated by better school choices lower housing costs and wanting to retain the urban lifestyle they have become accustomed to certainly are a driving force. On the other hand, Boomers are coveting multi-generational community, seeking common area amenities of urban centers with nearby safety and health services traditional to the suburbs. Thus, the birth and growth of “Walking Communities” and “Live, Home, Work Developments”
Nationally the population of these two groups is over 150 million people approximately 40 percent of the U.S. population. Now get this, which is being projected by those far smarter than me that over the next eight years twenty-five percent of new household formation is going to occur in the southeast. And, that number does not include Florida which adds another twelve percent. Annual household formation in the United States approximates 1 million plus. This equals roughly sixteen million people with the southeast the gaining 4 million new occupants. Now, should one believe that the Atlanta metro area will capture 20%….30%?. That’s upward of 1.2 million people over the next 8 years. That should mean minimally 500,00 new people living, working and dwelling in “surbania”. Combining this with the existing population already deemed a household executing “season of life” shifts the numbers swell creating density that’s a “roll of the dice”.