Labour costs in the US real estate sector have seen a steady increase from 87.91 billion USD in 2013 to 142.32 billion USD in 2023. Over the last two years, year-on-year variations were 2.85% in 2022 and 2.72% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 3.42%. For the forecasted period from 2024 to 2028, the predicted CAGR is 1.85%, with an overall growth rate of 9.61%, suggesting a deceleration compared to past trends.
Future trends to watch for:
- The impact of technological advancements and automation on labor demands and costs.
- Potential economic fluctuations and their influence on real estate workforce expenses.
- Policy changes impacting labor regulations and cost structures within the sector.
Latest reports
US Real Estate Market Report- Q4 2024
The US real estate market in Q4 2024 exhibited a complex landscape influenced by economic conditions, technological advancements, and sector-specific trends. This quarter...
China Real Estate Market Report- Q4 2024
In the fourth quarter of 2024, China's real estate market faced a multifaceted landscape marked by persistent challenges and strategic government interventions. The...
Japan Real Estate Market Report- Q4 2024
The Japan real estate market in Q4 2024 reflects a dynamic landscape shaped by diverse trends across various segments. This report delves into...
Germany Real Estate Market Report- Q4 2024
In the fourth quarter of 2024, the Real Estate Germany market presented a complex landscape characterized by stabilization and strategic shifts across various...
India Real Estate Market Report- Q4 2024
The fourth quarter of 2024 has seen dynamic shifts in the Indian real estate sector, driven by evolving consumer preferences, economic conditions, and...
UK Real Estate Market Report- Q4 2024
The UK real estate market in Q4 2024 demonstrated resilience amidst economic uncertainties, driven by strong rental demand and a stable interest rate...
Brazil Real Estate Market Report- Q4 2024
The Brazilian real estate market in Q4 2024 is marked by dynamic developments across various segments, significantly influenced by economic trends and strategic...
Italy Real Estate Market Report- Q4 2024
The Italian real estate market in Q4 2024 showcases a dynamic landscape, influenced by economic conditions, evolving buyer preferences, and strategic developments across...
South Korea Real Estate Market Report- Q4 2024
In the fourth quarter of 2024, the real estate market in South Korea was characterized by a complex interplay of macroeconomic conditions, foreign...
Mexico Real Estate Market Report- Q4 2024
In the fourth quarter of 2024, the real estate market in Mexico experienced significant growth, primarily driven by favorable economic policies, strategic location...
