REI Wealth Monthly Issue 17 | Page 48

FROM CITIES TO SUBURBIA AND BACK (PART 1) RICK TOBIN The high fertility rates after World War II helped fuel the suburban housing boom as larger families needed larger suburban homes. America’s fertility rate peaked at 3.77 children per married household in 1957. The suburban location provided them with a home, garden, car, and the model American family lifestyle as seen on television. The overall U.S. suburban population increased from almost 27 percent in 1950 to almost 50 percent here in the 21st Century. Homeownership rates increased from 43 percent in 1940 to over 65% to 70% in the early years of the 21st Century. The increased number of home mortgages, credit cards, roads, freeways, jobs, the size of families, and the overall U.S. population all led to the demand for more suburban communities around the nation. television shows, which glorified the suburban Suburban communities began in the northeast with placed like Levittown, NY and Allentown, PA. Franchised businesses, theme parks, movies and lifestyle, began or were created in Southern California. As the 1950s progressed, these a ɕ