NAICS Code 23311 - Land Subdivision and Land Development

NAICS 23311 - Land Subdivision and Land Development

NAICS 23 - Construction
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 233 - Building, Developing, and General Contracting
  NAICS 236 - Construction of Buildings NAICS 237 - Heavy and Civil Engineering Construction NAICS 238 - Specialty Trade Contractors NAICS 233 - Building, Developing, and General Contracting NAICS 234 - Heavy Construction NAICS 235 - Special Trade Contractors
  - NAICS 2331 - Land Subdivision and Land Development
    NAICS 2332 - Residential Building Construction NAICS 2331 - Land Subdivision and Land Development NAICS 2333 - Nonresidential Building Construction
    - NAICS 23311 - Land Subdivision and Land Development
      NAICS 23311 - Land Subdivision and Land Development

This industry comprises establishments primarily engaged in subdividing real property into lots and/or developing building lots for sale.

Industry trends:

The Land Subdivision and Land Development industry (NAICS 23311) is currently experiencing several noteworthy qualitative trends. One of the most significant trends is the increasing emphasis on sustainability and environmentally friendly development practices. Developers are progressively adopting green building certifications and integrating renewable energy sources to meet consumer demand for eco-friendly living spaces. This shift is likely to continue as regulatory bodies impose stricter environmental standards.

Another notable trend is the rise in mixed-use developments, which combine residential, commercial, and recreational spaces. This approach is driven by urbanization and the desire for communities with convenient access to amenities. Mixed-use developments are expected to grow in popularity as they offer enhanced lifestyle benefits and improve land-use efficiency.

Technological advancements are also transforming land development. The utilization of Geographic Information Systems (GIS) and Building Information Modeling (BIM) is facilitating more precise planning and efficient project management. These technologies provide better insights into land characteristics and development potential, likely leading to increased adoption in the near future.

In terms of forecasts, the land development sector is anticipated to rebound post-pandemic, driven by robust demand for housing and commercial spaces. However, economic uncertainties and fluctuating interest rates may pose challenges. Developers will need to remain agile, focusing on adaptable project designs and flexible financing strategies to navigate potential market volatility.

This industry is comprised of:

Explore related industries:

NAICS 11311 - Timber Tract Operations NAICS 53139 - Other Activities Related to Real Estate NAICS 54132 - Landscape Architectural Services

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