I always thought the song was more about the sterility of the kind of dispiriting urban sprawl architecture known as Tract housing.

Also known as 'cookie-cutter housing', a style of housing development in which multiple identical or nearly-identical homes are built to create a community.
Tract housing developments may encompass dozens of square miles but only makes use of a very few designs in order to reduce labour costs

housing developments near Markham, Ontario.

I'm also reminded of Alex Glasgow's song -

Take your Mary Baker City Mix and mix yourself a city to a plan,
Full of instant plastic palaces, homogenized, untouched by human hand.
Add a central plate glass precinct where pedestrians can stroll around and cry
As they see the blackened embers of an older and more richer city die.