Land Development in the US
As a result of changes in the fundamental nature of the construction industry, Land Development industry revenue has contracted dramatically over the past decade. However, broad economic improvements have benefited industry operators, including relatively low interest rates and an increase in overall construction activity. Accordingly, over the five years to 2019, industry revenue is expected to increase.Home builders and commercial construction companies are now involved in the entire real estate development process, which includes purchasing land, preparing sites and selling constructed homes, apartments and other buildings. Simultaneously, companies that once operated entirely within the Land Development industry have begun to expand into construction activities, effectively exiting the industry altogether. An anticipated steady rise in real estate values and housing construction is expected to help prop up the industry over the five years to 2024, 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.
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