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NAICS Code 237210-02 Description (8-Digit)

Land Companies are businesses that specialize in the acquisition, development, and sale of land for various purposes. These companies typically purchase large tracts of land and subdivide them into smaller parcels for sale to individuals or other businesses. Land Companies may also be involved in the development of infrastructure such as roads, utilities, and other amenities necessary for the use of the land. They may work with architects, engineers, and other professionals to plan and execute the development of the land.

Hierarchy Navigation for NAICS Code 237210-02

Parent Code (less specific)

Tools

Tools commonly used in the Land Companies industry for day-to-day tasks and operations.

  • GIS software
  • Surveying equipment
  • Land planning software
  • CAD software
  • Environmental assessment tools
  • Financial analysis software
  • Project management software
  • Land valuation tools
  • Legal document software
  • Marketing and advertising tools

Industry Examples of Land Companies

Common products and services typical of NAICS Code 237210-02, illustrating the main business activities and contributions to the market.

  • Residential land development
  • Commercial land development
  • Industrial land development
  • Agricultural land development
  • Recreational land development
  • Land banking
  • Land speculation
  • Land investment trusts
  • Land auctions
  • Land leasing

Certifications, Compliance and Licenses for NAICS Code 237210-02 - Land Companies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Land Surveyor License: A license required by the National Council of Examiners for Engineering and Surveying (NCEES) to practice land surveying in the US. It ensures that the surveyor has the necessary education, experience, and knowledge to provide accurate and reliable surveying services.
  • Environmental Site Assessment (ESA) Certification: A certification provided by the American Society of Testing and Materials (ASTM) that ensures that the land company has conducted a thorough assessment of the environmental risks associated with a property. It is required by many lenders and investors before financing a property.
  • Wetland Delineation Certification: A certification provided by the US Army Corps of Engineers that ensures that the land company has the necessary knowledge and skills to identify and delineate wetlands. It is required for any project that involves wetlands, such as land development or construction.
  • Land Use Planning Certification: A certification provided by the American Planning Association (APA) that ensures that the land company has the necessary knowledge and skills to develop and implement land use plans that are consistent with local, state, and federal regulations. It is required for any project that involves land use planning.
  • LEED Certification: A certification provided by the US Green Building Council (USGBC) that ensures that the land company has developed and implemented sustainable and environmentally friendly practices in their projects. It is required for any project that involves green building or sustainable development.

History

A concise historical narrative of NAICS Code 237210-02 covering global milestones and recent developments within the United States.

  • The Land Companies industry has a long and rich history dating back to the early days of civilization. In ancient times, land was often owned by the ruling class or wealthy individuals, and the concept of buying and selling land was not yet established. However, as societies became more complex, the need for land ownership and management grew. In the United States, the Land Companies industry began to take shape in the late 19th century, as the country experienced a period of rapid expansion and urbanization. During this time, large tracts of land were purchased and subdivided into smaller lots for residential and commercial development. Notable advancements in the industry include the development of zoning laws, which helped to regulate land use and prevent overcrowding, and the introduction of computer-aided design (CAD) software, which revolutionized the way land is surveyed and mapped.

Future Outlook for Land Companies

The anticipated future trajectory of the NAICS 237210-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Land Companies industry in the USA is expected to experience growth in the coming years. The industry is expected to benefit from the increasing demand for residential and commercial properties. The industry is also expected to benefit from the growing trend of sustainable and eco-friendly development. The industry is expected to face challenges such as rising interest rates and increasing competition. However, the industry is expected to continue to grow due to the increasing demand for real estate properties in the USA.

Industry Innovations for NAICS Code 237210-02

Recent groundbreaking advancements and milestones in the Land Companies industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Drones for Land Surveying: Land Companies are increasingly using drones for land surveying, which is faster and more accurate than traditional methods.
  • Use Of Virtual Reality for Property Tours: Land Companies are using virtual reality technology to provide property tours to potential buyers, which is more convenient and cost-effective.
  • Use Of Blockchain for Property Transactions: Land Companies are exploring the use of blockchain technology for property transactions, which can increase transparency and reduce fraud.
  • Use Of Green Building Materials: Land Companies are increasingly using green building materials, which are sustainable and eco-friendly.
  • Use Of Smart Home Technology: Land Companies are incorporating smart home technology into their properties, which can increase energy efficiency and improve the overall living experience.

NAICS Code 237210-02 - Land Companies

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