flexiblefullpage - default
Currently Reading

The Latest in the Land Market

Advertisement
billboard - default
Land Planning

The Latest in the Land Market


January 24, 2019
aerial view of green fields of land available for development
Photo: Unsplash/CG

From October 2017 to September 2018, both the price and sales pace of land grew steadily, according to the National Association of Realtors' 2018 Land Market Survey.

By the dollar, land sales grew 2 percent in the survey reference period, versus the sales levels during the previous 12 month period, which were 2 percent higher. Residential land sales had the greatest growth at 4 percent, though both residential and commercial land purchases occurred more slowly than in the previous survey period. At the same time, existing home sales decreased 1 percent annually, and the median sales price rose 4.2 percent annually, lower than the previous annual rate of 5.5 percent, per NAR findings.

Residential and commercial land also posted the highest price appreciation. On average, residential land rose five percent during the reference period, while commercial land rose four percent, the same pace in the 2017 survey.

In addition to market conditions (rising interest rates, low commodity prices), respondents noted several issues affecting land market transactions such as getting the right appraisal/valuation for land, especially in rural areas, the lack of lender financing, and changes in zoning and local regulations that slow land development.

Read more

Advertisement
leaderboard2 - default

Related Stories

Land Planning

Helena Habitat for Humanity Aims to Build 1,000 Affordable Homes

A new Habitat for Humanity project in Helena, Mont., aims to deliver 1,000 affordable housing units and outdoor community amenities 

Government + Policy

How Eminent Domain May Be Used to Respond to Climate Crises

Eminent domain, which grants the government power to take private property for public use, has displaced thousands of Americans for the sake of infrastructure in the past, but it may be used for a better purpose in a global climate crisis

Q+A

Soil Connect Is Moving Dirt and Building Relationships

Cliff Fetner created Soil Connect so builders and developers could more easily move dirt and other aggregates from jobsite to jobsite, but it has expanded to become something much more

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Home builders can maximize efficiencies gained through simplification and standardization by automating both on-site and back-office operations 

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.