The Real Estate Gross Output in the US has shown a generally positive trend over the past decade. From 2013 to 2023, the gross output grew from $2.717 trillion to $4.073 trillion. Notably, the year-on-year variations indicate periods of significant growth, with some fluctuations, such as a marked decrease in 2021. The forecasted data from 2024 to 2028 suggest a continued, albeit slower, growth rate.
Key points to consider:
- 2013-2015: Steady growth with year-on-year variations around 5-6%.
- 2016-2018: Continued strong growth with slight moderation.
- 2019-2021: Growth slowdown and a brief contraction in 2021.
- 2022: Strong rebound with 7.97% growth.
- 2023: Value stood at $4.073 trillion, showing a modest 2.46% increase.
- 2024-2028 Forecast: An average annual growth rate (CAGR) of 1.7%, indicating slower but stable growth.
Future trends to watch for:
- Impact of economic policies on real estate investments.
- Technological advancements in property management and development.
- Shifts in demographic trends affecting housing demand.
- Environmental regulations influencing real estate market dynamics.
