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Differences in productivity growth and shifting preferences for amenities--primarily due to changing technology and rising incomes--have generated variations in U.S. regional economic growth. The different decisions occur because higher-income households spend smaller shares of their incomes on housing, making them less sensitive to changes in housing prices. The different decisions occur because higher-income households spend smaller shares of their incomes on housing, making them less sensitive to changes in housing prices. An important part of the story is that advancements in technology and globalization have driven faster productivity growth in higher-income coastal areas than they have in lower-income regions in the middle of the country. [Extracted from the article]