Multifamily development surpassed single-family development several years ago, and continually increases year-over-year.

The continual rise of urbanism means growing popularity for any mode of transportation besides cars. We're seeing private high-speed rail under construction right now. City-center housing commands the highest rent and price.

No matter how many bullshit arguments the cagers invent, the fact is the market shows a consumer preference for non-car-dependent places. American people do not want to sit in their car 2 hours a day, and the suburbs are increasingly undesirable.