Tag Archive for ‘second homes’

Second Homes: 15 Percent of New Home Sales

Last week’s post reported on first-time home buyers from the February survey for the NAHB/Wells Fargo Housing Market Index (HMI).   According to the same source, second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales. … Read More ›

Second Home Markets Show Construction Growth

For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. High-concentration second home counties were defined based on the proportion of the local housing stock that are non-rental properties and not classified as their taxpayer principal residences. Counties with relatively high concentrations1 of such residences were designated as “second home… Read More ›

Where are the Nation’s Second Homes?

Second home ownership is often discussed in housing policy debates, but in general there is a poor understanding of what is considered a second home and where these homes are located. This is particularly true in tax policy contexts because the most common stereotype of a “second” home – an expensive beach house – is often a rental property that is not eligible for the mortgage… Read More ›