U.S. Golf Supply Changes

Since the U.S. golf market reached peak supply in the mid-2000s, the number of golf courses (as measured in 18-hole equivalents) has dipped about 11%. During this ongoing correction, more courses have closed than opened in the U.S. every year since 2006 -- a point in time that coincides with the burst of the housing bubble. While over 1,700 18-HEQ have closed over the past 15 years, it's important to note that over 4,500 18-HEQ courses opened during a two-decade span prior to that. No other country in the world has as many courses as the amount the U.S. opened during ...