The Land Development industry endured a sharp contraction when demand for real estate waned as consumers, banks, investors and builders suffered in the aftermath of the subprime mortgage crisis and Great Recession. Demand for industry services has only recently begun to recover as the wider economy and real estate market improved. Therefore, industry revenue is expected to increase in the five years to 2014. However, industry revenue is still below prerecession levels. Over the five years to 2019, industry growth will be supported by the cyclical recovery of the real estate market. Demographic shifts are expected to refocus industry operators toward residential markets; meanwhile, land developers are projected to benefit from increased demand associated with higher-valued, master-planned communities and luxury apartment complexes.
This industry services land (except cemeteries), subdivides properties into lots and develops building lots to sell 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. The industry includes large, diversified general contractors that also undertake land development activities.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.