Tools commonly used in the Real Estate Developers industry for day-to-day tasks and operations.

• Real Estate Development Software
• Project Management Software
• Financial Analysis Software
• Geographic Information System (GIS) Software
• Building Information Modeling (BIM) Software
• Customer Relationship Management (CRM) Software
• Accounting Software
• Marketing Automation Software
• Virtual Reality (VR) Technology
• Drones

Common products and services typical of NAICS Code 237210-05, illustrating the main business activities and contributions to the market.

• Residential Subdivisions
• Commercial Office Buildings
• Retail Shopping Centers
• Industrial Warehouses
• Mixed-Use Developments
• Apartment Complexes
• Condominiums
• Senior Living Communities
• Student Housing
• Hospitality Developments

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

• Certified Commercial Investment Member (CCIM): CCIM is a professional certification in commercial and investment real estate. It is awarded by the CCIM Institute and requires completion of a graduate-level curriculum and passing a comprehensive exam. The certification is recognized globally and signifies expertise in financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate.
• Leadership In Energy and Environmental Design (LEED) Certification: LEED certification is a globally recognized symbol of sustainability achievement. It is awarded by the U.S. Green Building Council (USGBC) and requires meeting certain environmental standards in building design, construction, and operation. The certification is available for various building types, including commercial and residential.
• National Association Of Home Builders (NAHB) Certified Green Professional: The NAHB Certified Green Professional (CGP) designation recognizes builders, remodelers, and other industry professionals who incorporate green and sustainable building principles into their work. The certification requires completion of a training program and passing an exam.
• Real Estate Broker License: A real estate broker license is required to operate a real estate brokerage in most states. It allows the licensee to represent clients in real estate transactions, including buying, selling, and leasing properties. The requirements for obtaining a license vary by state but generally include completing a certain number of pre-licensing education hours, passing a licensing exam, and meeting other eligibility criteria.
• Real Property Administrator (RPA) Certification: The RPA certification is awarded by the Building Owners and Managers Association (BOMA) International and recognizes expertise in property management. The certification requires completion of a training program and passing an exam. It covers topics such as building systems, leasing and marketing, and risk management.

A concise historical narrative of NAICS Code 237210-05 covering global milestones and recent developments within the United States.

• Real Estate Developers have been around for centuries, with the earliest known example being the Roman Empire's development of insulae, or apartment buildings, in the 2nd century BC. In the United States, the industry began to take shape in the late 19th century, with the development of suburban communities and the construction of skyscrapers in urban areas. Notable advancements in the industry include the introduction of zoning laws in the early 20th century, which helped to regulate land use and promote urban planning, and the development of green building practices in the late 20th century, which prioritize sustainability and energy efficiency. In recent history, the Real Estate Developers industry in the United States has faced significant challenges, including the 2008 financial crisis and the COVID-19 pandemic. However, the industry has also seen notable advancements, such as the increased use of technology in the development process, including virtual reality and 3D printing, and the growing trend of mixed-use developments, which combine residential, commercial, and retail spaces in a single project.

The anticipated future trajectory of the NAICS 237210-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for Real Estate Developers in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for housing and commercial spaces. The growth of the economy and the low-interest rates are also expected to contribute to the growth of the industry. However, the industry may face challenges due to the shortage of skilled labor and the rising costs of construction materials. The industry is also expected to adopt new technologies to improve efficiency and reduce costs.

Recent groundbreaking advancements and milestones in the Real Estate Developers industry, reflecting notable innovations that have reshaped its landscape.

• Use Of Virtual Reality (VR) and Augmented Reality (AR) In Property Tours: Real Estate Developers are using VR and AR to provide virtual property tours to potential buyers. This technology allows buyers to view properties from anywhere in the world, reducing the need for physical visits.
• Use Of Drones for Property Inspections: Real Estate Developers are using drones to inspect properties, reducing the need for manual inspections. This technology allows for faster and more accurate inspections, reducing costs and improving efficiency.
• Use Of Building Information Modeling (BIM): Real Estate Developers are using BIM to create 3D models of buildings, allowing for better planning and design. This technology also allows for better collaboration between architects, engineers, and contractors, reducing errors and improving efficiency.
• Use Of Sustainable Materials: Real Estate Developers are using sustainable materials such as bamboo, recycled plastic, and reclaimed wood to reduce the environmental impact of construction. This trend is expected to continue as more consumers demand environmentally friendly buildings.
• Use Of Smart Home Technology: Real Estate Developers are incorporating smart home technology into their properties, allowing homeowners to control various aspects of their homes through their smartphones. This technology is expected to become more prevalent as more consumers demand smart homes.