By Robert Dietz
Copyright © 2016 NATIONAL ASSOCIATION OF HOME BUILDERS
Editor’s note: With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In March, Na Zhao examined the location and concentration of the nation’s second homes.
According to NAHB estimates, the total count of the second home stock reached 7.5 million in 2014, an increase of 0.6 million over 2009 when NAHB Economics last produced these estimates. The share of second homes among the total housing stock also increased from 5.4% to 5.6%.
It is worthwhile to understand the patterns of second homes because they could have a significant economic impact on local housing markets and thus have important policy implications.
The county with the largest share of second homes is Hamilton County, NY with 79.3%, followed by Forest County (74%), PA, and Rich County (72.7%), UT. As one might expect, the top 10 counties with the largest share of second homes are mostly ... read the article at the NAHB website