This summary report puts the contraction of U.S. golf courses in perspective. What is the real impact of the net closure of facilities over the past six years vs. the 20+ years of supply growth that preceded it? Read the latest perspective on the market correction and see the new index that tracks the ratio of golfers per 18 holes over time. How far are we from reaching a state of equilibrium? The "report" includes a single summary page plus around 1.5 pages of text.