Q3 2021: Second-Home Counties

Featured Category for Q3 2021: Second-Home Counties

In addition to the HBGI’s region-level classification of counties, the Q3 2021 HBGI features new analysis of counties with a high concentration of second homes (revisiting the featured category of Q3 2020). A “second home” is classified as a non-rental property that is not designated as a taxpayer’s principal residence. High-concentration second-home counties are defined as those that have more than 15% of their housing units serving such a function.

Single-Family Construction

  • 10.8% of single-family construction for 3Q21
  • -8.2% quarterly growth rate for the 3Q21
  • 19.9% year-over-year growth rate (3Q21 vs 3Q20)
  • 36.1% four-quarter MA of the year-over-year growth rate

Multifamily Construction

  • 4.7% of multifamily construction for 3Q21
  • 13.3% quarterly growth rate for the 3Q21
  • 73.2% year-over year growth rate (3Q21 vs 3Q20)
  • 24.7% four-quarter MA of the year-over-year growth rate