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Land Development in the US
IBISWorld, Dec 2011, Pages: 32
Back from the brink: The industry will rebound with the return of investment in building construction markets
What is the Land Development Industry?
Establishments in this industry primarily service land (except cemeteries), subdivide real properties into lots and develop building lots for sale to builders. Servicing of land may include excavation work for the installation of roads and utility lines. Land subdivision precedes building activity, and establishments often subcontract work to others (e.g. specialist excavation contractors).
Industry Products - Developing and subdividing operator-owned land - Developing and subdividing customer-owned land - Other construction activities (e.g. driveways and excavating) - Other secondary business (e.g. realty commissions, rent or leases) Industry Activities - Subdividing real property (except cemeteries) into lots for sale - Developing real property for sale (planning, amenities and power) - Land acquisition, assembling and subdivision Land subdivision and utility installation (e.g. electric, water and sewer)
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