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Land Development in Michigan

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MI23721

Land Development in Michigan industry analysis

The Land Development industry in Michigan is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Land Development in Michigan Market Research Report

What’s Included in the Land Development in Michigan Market Research Report

Definition of the Land Development in Michigan?

This industry services raw land (except cemeteries) and subdivides properties into lots for subsequent sale to builders. Land subdivision precedes building activity. Servicing of land may include excavation work for the installation of roads and utility lines and developers may subcontract excavation and other activities to specialist contractors. Developers who perform only the legal subdivision of land are not included in this industry.

What’s included in the Land Development in Michigan?

The Land Development in Michigan includes subdividing property (except cemeteries) into lots for sale, developing property for sale (planning, amenities and power), land acquisition, assembling and subdivision and land subdivision and utility installation (e.g. electric, water and sewer). Related terms covered in the Land Development in Michigan industry report includes refers to activities associated with making a property shovel-ready, such as obtaining regulatory approvals and designing communities, a building primarily intended for housing and consisting of one or more dwelling units, a house or other building in which people live and a building primarily intended for uses other than long-term residence.

Industry Performance of the Land Development industry in Michigan

Benchmark the Land Development in Michigan industry performance with all MI county and national performance.

Land Development in Michigan

#23 in Highest Revenue 0.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Land Development in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Land Development industry in Michigan

See how key industry drivers, such as population, house price index, private investment in non-residential construction, value of private nonresidential construction, housing starts and yield on 10-year treasury note are impacting Land Development in Michigan

Michigan Economic Indicators

Population
House Price Index
Private Investment in Non-Residential Construction

View more economic information in MI State Economic profile

US Key External Drivers

Value of private nonresidential construction
Housing starts
Yield on 10-year Treasury note

For the full list of industry drivers, see report purchase options.

County Data of the Land Development industry in Michigan

Access proprietary data on county in the Land Development in Michigan, such as Oakland County, Kent County and Ottawa County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Land Development industry in Michigan

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Land Development industry in Michigan in 2025?

The market size of the Land Development industry in Michigan is $193.3m in 2025.

How many businesses are there in the Land Development industry in Michigan in 2025?

There are 185 businesses in the Land Development industry in Michigan, which has been growing at an average annual rate of 0.6% from 2020 to 2025.

Has the Land Development industry in Michigan grown or declined over the past 5 years?

The market size of the Land Development industry in Michigan has been growing at an average annual rate of 0.4% from 2020 to 2025.

How many employees in the Land Development industry in Michigan in 2025?

There are 535 employees in the Land Development industry in Michigan, which has been growing at an average annual rate of 1.4% from 2020 to 2025.