In 2015, an IBISWorld study of land development revenues for the previous five years reported sharp declines for the sector. These declines came despite renewed momentum for construction projects in the post-recession economy. The land development problem was not a lack of projects to develop, but a transition in the industry. Dedicated land development firms were increasingly competing with construction companies that were handling land development on their own, a trend that is only likely to grow moving forward.
Land development tasks moving into construction sector
As tasks traditionally set aside for dedicated land developers begin to find their way into the construction industry, builders will face significant pressure to ramp up their internal education efforts to get up to speed. Builders must understand national, state and local regulations to get proposals passed, learn how to make the best use of land to be developed, plan earthwork (efficient grading design), and ensure and design infrastructure that can support it.
eLearning can help builders learn land development
Land development is an incredibly complex process. Online courses on land development can provide insights into everything from best practices in the sector to how to make sense of regulations that exist on national, state and local levels. Being aware of these various industry considerations is key if builders want to avoid running into major problems when taking a larger stake in the land development process.
For more information about land development training, preview RedVector’s new Land Development Series.