Conveyancing Services in the US - Industry Market Research Report

Conveyancing Services in the US - Industry Market Research Report

Conveyancing Services in the US

Rising demand from real estate, increases in the number of housing starts and existing home sales, coupled with overall growth in nonresidential construction, has sparked demand for Conveyancing Services industry services. Rebounding from a post-recessionary low, housing starts in the United States have increased over the five years to 2019, bolstering the number of homes requiring industry services. This trend has been reinforced by the growth in the value of construction. Over the five years to 2024, industry revenue is projected to continue rising, albeit at a slower pace due to slowdowns in economic factors affecting real estate markets. Moreover, house prices, as measured by the house price index, are expected to continue rising after reaching highs during the current period, indicating that homes will become prohibitively expensive for many consumers.

This industry is composed of companies and legal practitioners that provide conveyancing services to individuals and corporate clients. Conveyancing, which is the process of transferring ownership of land or property from one person or entity to another, requires specialists to advise parties, prepare documentation and conduct the settlement process. Other industry offerings include arbitration services, expert witness services and assistance with intellectual property claims.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.