Even we were surprised by some of the following facts.
The U.S. housing market is a massive industry, one that incorporates not only elements of real estate, but of banking (both commercial and investment), appraising, marketing, advertising and the law, to name a few!
Such a gargantuan field is bound to surprise, and thanks to a new report from Placester, we’ve collected some truly mind-blowing facts about real estate in the U.S.
The number of housing units in the U.S.
The combined value of those housing units
The combined GDP of the European Union – in other words, U.S. housing alone is larger than the GDP of the EU!
The number of people employed by the real estate industry
The number of agents and brokers working today, according to the Census Bureau
The share of the civilian population working in real estate
The share of real estate firms that are independent, non-franchised companies; 13 percent are franchises, 3 percent corporate subsidies
4 out of 5
The ratio of real estate firms who have a single office and specialize in residential brokerage
The rate that total employment is expected to increase from 2012 to 2022 (that’s 15.6 million people!)