3-Minute Business Insights
Golf course living, in general, is enjoying a rebound like the game itself in the post-pandemic era. And golf-related real estate is a topic we’re asked about frequently and a subject our consulting team addresses regularly with developers and municipal planning boards or other authorities.
Assessing Golf's Real Estate Market in the U.S.
Golf real estate trends, economic impact and the best-supplied U.S. markets
The direct economic impact of golf real estate is almost $15 billion in the U.S., which has nearly 3,200 golf communities in total. And the opportunity to live in active, outdoor communities (especially those with golf courses) has only gained favor in post-pandemic years, amplified by remote work options.
Midyear Update: Worldwide Golf Course Development
There are hundreds of new golf courses in varying stages of development around the world, with over half of those in the pipeline within the U.S. So, which other countries are especially active in the world of golf course construction?
Midyear 2024 U.S. Golf Course Development
New U.S. Golf Course Projects - by State
Get the full accounting on U.S. golf courses and facilities through year-end 2023
The newest member reports on golf supply in the U.S. are now available, including a comprehensive 46-page dive into the world's best supplied-golf market. As a complement to this annual report is a one-page summary overview of golf facility supply in the U.S. Click here to access and download.
The pandemic era uptick in golf popularity and play has meant some property owners and visionaries are actively building golf courses – much more so than a decade ago or so. This development looks quite different than it did during the boom era of golf course construction, however.
New golf course construction has been on an upswing since the pandemic. NGF's database team is currently tracking more than 100 new course projects under construction or in planning.
When it comes to traditional, new golf courses, what’s being built today is different than during the development boom of the late 1990s and early 2000s. Here's how.
Midyear Momentum: Course Openings & Closures
Continued signs of equilibrium in world's best-supplied golf market
Over the past four years, the number of annual golf course closures has dropped 62%. So what does the market look like at the midway point of 2023? And how do course openings compare to recent years?
Midyear Update: U.S. and Worldwide Course Supply
Golf has remarkable geographic spread, with at least one course in 83% of countries and territories worldwide. In fact, there are more golf courses globally than Starbucks locations.
New Course Development
