THE BASIS POINT

A new age of suburbanisation could be dawning

THOUGH THE pandemic has not fully released its grip on America, signs of an incipient boom are everywhere: in surging demand for workers, imports and, above all, houses. Residential property prices rose at an annual rate of 12% in February—the fastest pace since 2006—buoyed by rising incomes, low interest rates and the belated plunge into housing markets by a crisis-battered generation of millennials

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A new age of suburbanisation could be dawning

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