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NAICS Code 237210-07 Description (8-Digit)

Housing Developers are companies that specialize in the development of residential properties. This involves the acquisition of land, obtaining necessary permits, designing and constructing homes, and marketing and selling the finished product. Housing Developers may work on a small scale, building individual homes, or on a larger scale, developing entire neighborhoods or communities.

Hierarchy Navigation for NAICS Code 237210-07

Parent Code (less specific)

Tools

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

  • CAD software for designing homes and communities
  • Project management software for tracking progress and timelines
  • Land surveying equipment for assessing potential development sites
  • Construction equipment such as excavators and bulldozers
  • Building materials such as lumber, concrete, and roofing materials
  • Marketing and advertising tools for promoting properties, such as brochures and websites
  • Financial software for managing budgets and expenses
  • Environmental assessment tools for evaluating the impact of development on the surrounding area
  • Legal software for managing contracts and agreements
  • Safety equipment for construction workers, such as hard hats and safety harnesses

Industry Examples of Housing Developers

Common products and services typical of NAICS Code 237210-07, illustrating the main business activities and contributions to the market.

  • Single-family home development
  • Townhome development
  • Condominium development
  • Apartment complex development
  • Retirement community development
  • Gated community development
  • Mixed-use development (residential and commercial)
  • Subdivision development
  • Planned community development
  • Affordable housing development

Certifications, Compliance and Licenses for NAICS Code 237210-07 - Housing Developers

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

  • National Association Of Home Builders (NAHB) Certified Green Professional: This certification is for professionals who incorporate green building principles into homes. The certification is provided by the National Association of Home Builders (NAHB).
  • Leadership In Energy and Environmental Design (LEED) Certification: This certification is for professionals who design and build green buildings. The certification is provided by the U.S. Green Building Council (USGBC).
  • Certified Aging-In-Place Specialist (CAPS): This certification is for professionals who design and build homes that are accessible and safe for seniors. The certification is provided by the National Association of Home Builders (NAHB).
  • Occupational Safety and Health Administration (OSHA) 10-Hour Construction Safety Certification: This certification is for professionals who work in the construction industry. The certification covers safety and health hazards in the workplace. The certification is provided by the Occupational Safety and Health Administration (OSHA).
  • National Council Of Architectural Registration Boards (NCARB) Certification: This certification is for professionals who are licensed architects. The certification is provided by the National Council of Architectural Registration Boards (NCARB).

History

A concise historical narrative of NAICS Code 237210-07 covering global milestones and recent developments within the United States.

  • The Housing Developers industry has a long history dating back to the early 20th century when the demand for affordable housing increased. In the 1920s, the industry experienced a boom due to the post-World War I economic growth. During the Great Depression, the industry suffered a significant setback, but it recovered in the 1940s with the post-World War II housing boom. In the 1960s, the industry experienced a shift towards suburbanization, which led to the development of large-scale housing projects. In recent history, the industry has been impacted by the 2008 financial crisis, which led to a decline in demand for new housing. However, the industry has since recovered, and the demand for new housing has increased due to population growth and low-interest rates.

Future Outlook for Housing Developers

The anticipated future trajectory of the NAICS 237210-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The housing developers industry in the USA is expected to experience steady growth in the coming years. The demand for new housing units is driven by population growth, urbanization, and low mortgage rates. The industry is also expected to benefit from the increasing trend of sustainable and energy-efficient housing. However, the industry may face challenges such as rising construction costs, labor shortages, and regulatory hurdles. Despite these challenges, the industry is expected to continue to grow due to the high demand for new housing units in the USA.

Industry Innovations for NAICS Code 237210-07

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

  • Use Of 3D Printing Technology In Construction: 3D printing technology is being used to construct houses in a faster and more cost-effective way. This technology can also reduce waste and increase sustainability.
  • Smart Homes: Housing developers are incorporating smart home technology into new housing units. This technology allows homeowners to control various aspects of their homes, such as lighting and temperature, through their smartphones.
  • Green Building Practices: Housing developers are increasingly using sustainable and energy-efficient building practices to reduce the environmental impact of new housing units. This includes the use of solar panels, energy-efficient appliances, and green roofs.
  • Modular Construction: Modular construction involves building housing units in a factory and then assembling them on-site. This method can reduce construction time and costs while also increasing quality control.
  • Co-Living Spaces: Housing developers are creating co-living spaces that offer shared amenities and communal living spaces. This trend is driven by the increasing demand for affordable housing options in urban areas.

NAICS Code 237210-07 - Housing Developers

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