Real Estate, Construction & Home Building Market Research

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Real Estate & Construction OVERVIEW

       The real estate and construction sectors, including the many professions and fields associated with them, are among the larger components of the global economy.
     As of early 2016, the U.S.
    Bureau of Labor estimated that 6.22 million Americans were employed in the construction industry (down from 6.45 million at the beginning of 2015, and down dramatically from a peak of 7.6 million in 2007).
     The agency also estimated that 1.5 million Americans were employed in the real estate industry as of early 2016 (this figure is the same as of the beginning of 2015, and equal to the 1.5 million of 2007).
     There was $13.8 trillion in all outstanding mortgage debt in America at year-end 2015, up slightly from $13.4 trillion one year earlier including homes and commercial projects.
     (Many houses are being purchased with cash, particularly when the purchaser is an investor.
     This mortgage total included $10.0 trillion in home mortgages, up slightly from $9.9 trillion in 2014).
     Home prices have rebounded dramatically from the depths of the recent recession, but in some markets they remain below their 2006-07 peaks.
     However, prices have risen to the point that bargains are hard to come by.
     More than a few observers are concerned that another housing bubble is developing in the most popular markets.
     Meanwhile, real estate had enjoyed a significant boom over the recent past in China, Canada, the


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