Plunkett's Real Estate And Construction Industry Almanac 2010: Real Estate & Construction Industry Market Research, Statistics, Trends & Leading Companies ... Real Estate & Construction Industry Almanac)

621 Pages·2010·4.77 MB·English

by  Jack W. Plunkett

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PLUNKETT’S
REAL ESTATE &
CONSTRUCTION
INDUSTRY
ALMANAC 2010

The Only Comprehensive
Guide to the Real Estate & Construction

Industry

Jack W. Plunkett

Published by:
Plunkett Research, Ltd., Houston, Texas
www.plunkettresearch.com
PLUNKETT'S
REAL ESTATE &
CONSTRUCTION INDUSTRY
ALMANAC 2010

Editor and Publisher:
Jack W. Plunkett

Executive Editor and Database Manager: E-Commerce Managers:
Martha Burgher Plunkett Alejandra Avila
Emily Hurley
Senior Editors and Researchers: Geoffrey Trudeau
Brandon Brison
Michael Esterheld Information Technology Manager:
Addie K. FryeWeaver Wenping Guo
Christie Manck
Cover Design:
Editors, Researchers and Assistants: Kim Paxson, Just Graphics
Kalonji Bobb Junction, TX
Elizabeth Braddock
Leslie Crow Special Thanks to:
Michelle Dotter American Hotel & Lodging Association
Lucinda Gaines National Association of Realtors
Leandra Hernandez National Association of Home Builders
Abigail Meyer National Bureau of Statistics of China
Andrew Olsen Real Capital Analytics
Jill Steinberg U.S. Bureau of Economic Analysis
Suzanne Zarosky U.S. Bureau of Labor Statistics
U.S. Census Bureau
U.S. Federal Reserve

Plunkett Research, Ltd.
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Copyright © 2010 by Plunkett Research, Ltd.

Published by:
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PLUNKETT'S
REAL ESTATE & CONSTRUCTION INDUSTRY
ALMANAC 2010

CONTENTS

A Short Real Estate & Construction Industry Glossary xi
Introduction 1
How To Use This Book 3
Chapter 1: Major Trends Affecting the Real Estate & Construction Industry 7
1) Introduction to the Real Estate and Construction Industry 7
2) Subprime and Alt-A Mortgages/Foreclosures Burn Overburdened Homeowners 9
3) Mortgage Originations Fall/Online Competition Changes the Industry 11
4) Home Sales Rebound Slightly 12
5) Real Estate Goes Online 13
6) Internet-Based Home Sales and Cheap Commissions Rock Residential Brokers 14
7) Homes and Commercial Buildings Go Green 15
8) Prefabricated Housing Causes a Stir 17
9) Baby Boomers Become a Strong Influence in the Housing Market/Universal Design Catches On 17
10) Commercial Construction Is Down as Vacancies Soar 18
11) Commercial Mortgage Defaults and Foreclosures Rise 18
12) Real Estate Markets in China and India Heat Up 19
13) Mixed-Use Developments Go Vertical 20
14) Shopping Center Tenants Face Slow Sales/Store Closings Force Landlords to Become Creative 21
15) Lifestyle Centers and Super-Regional Malls Falter/Mall Glut Anticipated 22
16) Malls Morph to Stay Afloat 23
17) Apartment House Vacancy Rates Stabilize 24
18) Hotel Operators Challenged/Pod Rooms Grow in Popularity 24
19) New Urbanism and Traditional Neighborhood Development are Retro Trends 26
20) Megapolitans Will Define America of the Future/Mega-Regions Defined Internationally 26
21) Destination Club Membership Growth Is Checked 27
22) Remodeling Rebounds/Home Sizes Shrink 28
Chapter 2: Real Estate & Construction Industry Statistics 29
Real Estate & Construction Industry Overview 30
Value of U.S. Private Construction Put in Place: 2003-2009 31
Value of U.S. Public Construction Put in Place: 2003-2009 33
Estimates of the Total Housing Inventory for the U.S.: 2008-2009 34
Financial Assets and Liabilities of U.S. Real Estate Investment Trusts (REITs): 2005-2009 35
Assets & Liabilities, U.S. Agency- & Government Sponsored Enterprise (GSE)-Backed Securities
by Holder: 2005-2009 36
Commercial, Residential & Farm Mortgages by Holder, U.S.: 2005-2009 37
Commercial Mortgages by Holder, U.S.: 2005-2009 38
Home Mortgages by Holder, U.S.: 2005-2009 39
Farm Mortgages by Holder, U.S.: 2005-2009 40
New Privately-Owned Housing Starts, U.S.: 1980-2009 41
Homeownership Rates by Region, U.S.: 1995-2009 42

Continued on the next page
Continued from previous page

Homeownership Rates by Race & Ethnicity of Householder, U.S.: 2002-2009 43
Homeownership Rates by Age of Householder, U.S.: Selected Years, 1985-2009 44
Median & Average Sales Price of New Single Family Homes by Region, U.S.: 1985-2009 45
New Single Family Homes Sold by Region, U.S.: 1985-2009 46
New Single Family Homes Sold by Type of Financing, U.S.: 1988-2009 47
New Single Family Homes for Sale at End of Period, by Region, U.S.: 1985-2009 48
Placements of New Manufactured Homes, U.S.: 1995-2009 49
Price Deflator (Fisher) Index of New One-Family Houses Under Construction, U.S.: 1970-
February 2010 50
Constant Quality (Laspeyres) Price Index of New One-Family Houses Under Construction, U.S.:
1970-February 2010 51
Constant Quality (Laspeyres) Price Index of New One-Family Houses Sold Including Value of Lot,
U.S.: 1970-2009 52
Absorption Rates of U.S. Privately Financed, Nonsubsidized, Unfurnished Rental Apartments:
2003-3rd Quarter 2009 53
Absorption Rates of U.S. Condominium & Cooperative Apartments: 2003-3rd Quarter 2009 54
Rental & Homeowner Vacancy Rates by Area, U.S.: 1995-2009 55
U.S. Construction Industry Employment: 2004-2009 56
Miscellaneous Real Estate & Construction Industry Employment, U.S.: 2004-2009 57
Chapter 3: Important Real Estate & Construction Industry Contacts 58
Addresses, Telephone Numbers and Internet Sites
Chapter 4: THE REAL ESTATE 400:
Who They Are and How They Were Chosen 86
Industry List, With Codes 87
Index of Rankings Within Industry Groups 89
Alphabetical Index 100
Index of U.S. Headquarters Location by State 104
Index of Non-U.S. Headquarters Location by Country 108
Index by Regions of the U.S. Where the Firms Have Locations 110
Index by Firms with International Operations 123
Individual Profiles on each of THE REAL ESTATE 400 126
Additional Indexes
Index of Hot Spots for Advancement for Women/Minorities 562
Index of Subsidiaries, Brand Names and Selected Affiliations 564