http://money.cnn.com/2013/07/08/real_estate/suburbs-end.pr.fortune/index.html
(Full article behind paywall)
When the United States suffered its epic housing bust, no part of the country felt the agony more than the suburbs. Of course, suburbia and its farthest reaches (known as exurbia) were where the most egregious homebuilding excesses took place. Once things fell apart, they became ground zero for foreclosures and short sales, leaving what some writers described, in near-apocalyptic terms, as "zombie subdivisions." In truth, the housing bust only accelerated a tectonic shift: The near-universal yearning for a spacious house in the suburbs -- a central element of the American dream -- is receding. So argues Leigh Gallagher, an assistant managing editor at Fortune, in a new book, The End of the Suburbs: Where the American Dream Is Moving. Gallagher uncovers this epochal shift and describes the many reasons behind it. She chronicles the growing distaste for long commutes and sprawling development that have sent families back to more urban areas; the demographic changes that have led to a dramatic decline in the number of suburban households with young children; and a litany of other shifts, including surprising reversals in suburban and urban housing, poverty, and crime. For every generation after World War II until now, population flowed from the city to the suburbs. Today, as this excerpt from Gallagher's book demonstrates, a tide that long seemed inexorable has begun to reverse.
At least in the Fortune article, there is no discussion of the severe impact that rising oil prices have had on suburbia--as the US, so far at least, is gradually being shut out of the global market for exported oil, as the developing countries, led by China, have so far consumed an increasing share of a post-2005 declining volume of Global Net Exports of oil.
For the outlook for suburbia, from an oil constrained point of view, here is a link to the “End of Suburbia” video from 2004:
https://www.youtube.com/watch?v=Q3uvzcY2Xug