"Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signes of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery."
Will manufacturing growth be a boon for the vacation home ownership market? "It usually leads economic recovery," said Stan Tonkin, vice president of international marketing and sales for The Élan Collection. "Luxury vacation homes are discretionary purchases, so consumer confidence plays a big part. It's difficult to predict, but if history is any indication, then the vacation home market would naturally follow manufacturing growth."
At least the numbers are on Tonkin's side: earlier this year, NAR reported that vacation-home sales rose 7.9 percent in 2009. "Historically, people become interested in buying a second home in their mid 40s," said NAR Chief Economist Lawrence Yun at the time. "The large number of people who are now in their 30s and 40s will dominate the second-home market in the coming decade with a strong underlying demand, although sales in a given year will vary depending on the economy."
Do you think Fortune's economic bright spots can boost consumer confidence? Are you seeing any signs of movement in your local vacation home market?
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