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Land Development in New Mexico

Author.Name IBISWorld United States Last Updated: March 2026 NAICS NM23721

Land Development in New Mexico industry analysis

The Land Development industry in New Mexico is expected to grow an annualized x% to $x.x million over the five years to 2026, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x.x% to xx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2031, 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 decline -x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Land Development in New Mexico Market Research Report

What’s Included in the Land Development in New Mexico Market Research Report

Definition of the Land Development in New Mexico?

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 New Mexico?

The Land Development in New Mexico 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 New Mexico 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 New Mexico

Benchmark the Land Development in New Mexico industry performance with all NM county and national performance.

Land Development in New Mexico

#31 in Highest Revenue 0.5% of state's GDP
Revenue (2026)
Annual Growth (2021-26)
Annual Growth (2026-31)

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 New Mexico

See how key industry drivers, such as house price index, newly issued building permits, 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 New Mexico

New Mexico Economic Indicators

House Price Index
Newly issued building permits
Private Investment in Non-Residential Construction

View more economic information in NM 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 New Mexico

Access proprietary data on county in the Land Development in New Mexico, such as Bernalillo County, Dona Ana County and Otero County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Land Development industry in New Mexico

Download 19 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 New Mexico in 2026?

The market size of the Land Development industry in New Mexico is $122.9m in 2026.

How many businesses are there in the Land Development industry in New Mexico in 2026?

There are 38 businesses in the Land Development industry in New Mexico, which has been declining at an average annual rate of -2.9% from 2021 to 2026.

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

The market size of the Land Development industry in New Mexico has been growing at an average annual rate of 5.0% from 2021 to 2026.

How many employees in the Land Development industry in New Mexico in 2026?

There are 91 employees in the Land Development industry in New Mexico, which has been declining at an average annual rate of -8.6% from 2021 to 2026.