U.S. Golf Supply Trend

There have been two significant periods of growth in U.S. golf supply since the Roaring Twenties: the democratization of golf in the 1960s and the 1990s Golf Boom fueled by real estate development and entrepreneurs trying to cash in on golf. There have also been two sustained contractions in supply, the first coinciding with The Great Depression, as the number of U.S. golf facilities declined by 15% between 1930 and 1946, and the second beginning in 2006, following the implosion of the real estate market and supercharged by The Great Recession. The number of U.S. golf facilities has declined by 13% over ...