The Isle of Palms referendum calls for imposing a 1,600 cap on short-term rental licenses for investors and second-home owners.

Source: https://www.postandcourier.com/politics/elections/isle-of-palms-sc-to-vote-on-limiting-short-term-rentals/article_b4f8c3d4-6d39-11ee-aeb9-4b7ea0878ca0.html

These are more likely to fall into the second-home category.

Source: https://www.standard.co.uk/homesandproperty/property-news/holiday-lets-second-homes-action-demanded-b1086604.html

The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

Source: https://www.etfdailynews.com/2023/01/21/janney-montgomery-scott-llc-has-724000-stake-in-toll-brothers-inc-nysetol/