The uber-wealthy are still buying homes on luxury golf course developments, but the rest of the market is hurting as courses close and projects stall around the world.
"The last few months have seen the demise of at least two high-profile projects. One was a projected $70 million corporate golf club called The Presidential in Dulles, Va. Partially open since April, the club was reasonably on schedule in its quest for 150 corporate memberships at $60,000 a year, according to a former consultant to the club. But financing problems, at least partially related to the home-mortgage crisis, forced The Presidential to close in September."
"New residential golf developments in the U.S. are few and far between, leading to a net standstill in golf-course openings generally. More courses closed than opened in both 2006 and 2007, according to the National Golf Foundation, a sharp contrast to the course-building boom that started in the 1990s."
FULL STORY: Golf's New Landscape

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.

Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.

LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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