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U.S. Real Estate Development Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies25
  • 7D1.2%
  • 3M-7.5%
  • 1Y-8.6%
  • YTDn/a

In the last week, the Real Estate Development industry is up 1.2%, with Forestar Group leading the way, up 3.9%. During this same period, the Stratus Properties underperformed, falling 8.1%. In the past year, the industry is down 8.6%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.S. Real Estate Development Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$7.1bUS$3.8b-US$111,191,724.889.9x-64x1.9x
Sun, 03 May 2026US$7.2bUS$3.7b-US$131,580,555.9115.8x-54.3x1.9x
Tue, 31 Mar 2026US$7.4bUS$3.5bUS$225.1m9.9x32.9x2.1x
Thu, 26 Feb 2026US$8.3bUS$3.5bUS$206.4m10.9x40.2x2.3x
Sat, 24 Jan 2026US$8.8bUS$3.9bUS$279.7m9.2x31.4x2.3x
Mon, 22 Dec 2025US$6.5bUS$3.9bUS$290.7m8.7x22.4x1.7x
Wed, 19 Nov 2025US$6.7bUS$3.9bUS$289.7m7.8x23x1.7x
Fri, 17 Oct 2025US$6.8bUS$3.7bUS$346.3m11.7x19.6x1.8x
Sun, 14 Sep 2025US$6.9bUS$3.7bUS$347.1m9.8x19.9x1.9x
Tue, 12 Aug 2025US$6.0bUS$3.7bUS$367.1m9.7x16.5x1.6x
Thu, 10 Jul 2025US$5.7bUS$3.6bUS$403.2m10.5x14.2x1.6x
Sat, 07 Jun 2025US$5.5bUS$3.6bUS$296.2m8.6x18.5x1.5x
Mon, 05 May 2025US$5.0bUS$3.6bUS$278.8m11.3x17.8x1.4x
Wed, 02 Apr 2025US$5.3bUS$4.3bUS$341.7m9.7x15.6x1.3x
Fri, 28 Feb 2025US$5.4bUS$4.1bUS$301.5m12.2x17.9x1.3x
Sun, 26 Jan 2025US$5.5bUS$3.6b-US$272,598,927.119.7x-20.2x1.5x
Tue, 24 Dec 2024US$6.2bUS$3.6b-US$256,154,972.479.6x-24x1.7x
Thu, 21 Nov 2024US$6.6bUS$3.6b-US$267,632,120.3914.3x-24.6x1.8x
Sat, 19 Oct 2024US$6.7bUS$3.6b-US$557,168,058.708.6x-12x1.9x
Mon, 16 Sep 2024US$6.5bUS$3.6b-US$557,109,524.835.1x-11.6x1.8x
Wed, 14 Aug 2024US$6.0bUS$2.9b-US$588,328,183.0012.7x-10.2x2.1x
Fri, 12 Jul 2024US$5.9bUS$2.8b-US$688,204,389.0014x-8.6x2.1x
Sun, 09 Jun 2024US$5.9bUS$2.8b-US$715,961,970.0014.1x-8.3x2.1x
Tue, 07 May 2024US$6.0bUS$4.1b-US$960,070,460.4612.3x-6.3x1.5x
Thu, 04 Apr 2024US$6.4bUS$4.1b-US$976,966,451.4512.3x-6.6x1.6x
Sat, 02 Mar 2024US$6.5bUS$4.1b-US$954,602,384.298.9x-6.8x1.6x
Mon, 29 Jan 2024US$6.8bUS$4.3b-US$736,366,518.008.8x-9.2x1.6x
Wed, 27 Dec 2023US$6.7bUS$4.0b-US$846,788,269.009x-7.9x1.7x
Fri, 24 Nov 2023US$6.1bUS$4.1b-US$839,976,469.0017.3x-7.3x1.5x
Sun, 22 Oct 2023US$5.3bUS$4.3b-US$198,649,428.0021.3x-26.9x1.2x
Tue, 19 Sep 2023US$6.0bUS$3.0bUS$28.6m27.4x209.8x2x
Thu, 17 Aug 2023US$6.1bUS$3.0bUS$39.7m29.4x153.6x2x
Sat, 15 Jul 2023US$6.2bUS$3.0bUS$171.3m44.7x36.1x2x
Mon, 12 Jun 2023US$5.8bUS$3.8bUS$98.8m44.7x58.8x1.5x
Price to Earnings Ratio

58.8x


Total Market Cap: US$5.8bTotal Earnings: US$98.8mTotal Revenue: US$3.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Development Industry Price to Earnings3Y Average 9.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Real Estate Development industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
  • Total earnings for the Real Estate Development industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Real Estate Development compare with similar industries?

US Market-0.11%
Real Estate-0.78%
Real Estate1.50%
Real Estate Development1.18%
Real Estate Services2.30%
Diversified Real Estate0.40%
Real Estate Operating Companies-4.61%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FOR Forestar GroupUS$28.483.9%
+US$54.1m		44.4%PE8.7x
HHH Howard Hughes HoldingsUS$65.261.4%
+US$52.0m		-3.1%PE31.7x
HBNB Hotel101 Global HoldingsUS$6.001.5%
+US$20.4m		-44.7%PS18.5x
STHO Star HoldingsUS$9.001.7%
+US$1.8m		24.8%PS0.9x

Latest News

STRS
US$26.65
Stratus Properties
7D
-8.1%
1Y
38.2%
HHH
US$65.26
Howard Hughes Holdings
7D
1.4%
1Y
-3.1%
LGPS
US$0.63
LogProstyle
7D
-5.1%
1Y
-33.8%
STHO
US$9.00
Star Holdings
7D
1.7%
1Y
24.8%
HBNB
US$6.00
Hotel101 Global Holdings
7D
1.5%
1Y
-44.7%
Narrative Update • May 20

Hotel101-Madrid Hits 100% Occupancy, Generates Record €100,000+ Single-Day Revenue, 334% Upside Intact

Hotel101 Global Holdings (Nasdaq: HBNB) announced on May 19, 2026 that its 680-room Hotel101-Madrid generated more than €100,000 (approximately US$116,000) in recurring room revenues in a single day at 100% occupancy. The result is significant because Hotel101-Madrid is the company’s first operating property outside the Philippines and serves as the global prototype for its international expansion strategy.
AEI
US$1.46
Alset
7D
-12.0%
1Y
74.0%
RENX
US$1.75
RenX Enterprises
7D
-1.1%
1Y
-90.3%
FOR
US$28.48
Forestar Group
7D
3.9%
1Y
44.4%
Narrative Update • May 02

FOR: Steady Fair Value Will Reflect 2026 Revenue And Lot Delivery Plans

Analysts have kept their $26.00 price target for Forestar Group unchanged, citing slightly lower discount rate and revenue growth assumptions, along with a small adjustment to profit margin and future P/E expectations that together support a steady valuation view. What's in the News Forestar Group maintained its fiscal 2026 revenue guidance in a range of $1.6b to $1.7b, giving investors a defined revenue expectation for that year (Key Developments).
AXR
US$25.78
AMREP
7D
-4.6%
1Y
27.3%
Seeking Alpha • May 01

AMREP Corporation: A Focus On Downside Protection

Summary AMREP Corporation purchased a large chunk of land in Sandoval County, New Mexico, in the 1960s and early 70s. To generate the bulk of its revenue, AXR develops this land and sells it to homebuilders and property developers in the Sandoval County area. AXR's shares are already cheap relative to book value. Due to the accounting treatment of AXR's land, its book value may be understated, adding an additional margin of safety. Applying unrealistically conservative valuation estimates to AXR's land portfolio ensures downside protection and preservation of capital. Read the full article on Seeking Alpha