Miami Real Estate Investment

Where are the nation’s second homes?

WASHINGTON – March 14, 2016 – The nation's second-home stock rose to 7.5 million in 2014, estimates the National Association of Home Builders (NAHB) – up 0.6 million second homes from 2009, when NAHB Economics last produced its estimate of the market.

Second homes now account for 5.6 percent of the nation's total housing stock, up from 5.4 percent.

The county with the most second homes was Maricopa County, Ariz., with 118,282, but the next four counties were Florida ones: Palm Beach County was second with 98,627 second homes, followed by Lee County with 93,152, Broward County with 92,907 and Miami-Dade County with 88,940.

In addition, Pinellas County, Fla., ranked seventh with 65,867 second homes and Collier County, Fla., placed ninth with 61,905.

Source: RISMedia (03/13/16) Zhao, Na

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