Land Development in the US
The Land Development industry has been contracting for nearly a decade. During the recession, the industry was mired in the subprime mortgage crisis, the bursting of the real estate bubble and the collapse of credit markets. Companies that once operated entirely within the Land Development industry have begun to expand into construction activities, effectively exiting the industry altogether. This led to a drop in industry participation and revenue over the five years to 2018. A steady anticipated rise in real estate values and housing construction will help prop up the industry over the next five years, as land developers continue to compete with companies offering a full range of real estate construction services.
This industry services raw land (except cemeteries) and subdivides properties into lots for subsequent sale to builders. Land subdivision precedes building activity. Servicing of land may include excavation work for the installation of roads and utility lines, and operators may subcontract excavation and other activities to specialist contractors. Operators that perform only the legal subdivision of land are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.