Case 2007: o valor do solo edificado nos EUA

CASE Carl E, “The Value of Land in the United States: 1975–2005”. In Ingram G K e Hong Y (Eds), Land Policies and Their Outcomes. Toronto: Lincoln Institute of Land Policy 2007, pp. 127-148
https://www.lincolninst.edu/app/uploads/legacy-files/pubfiles/2119_1441_LP2006-ch06-The-Value-of-Land-in-the-United-States-1975-2005_0.pdf

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(..) Table 6.10 shows that in 2005 the value of real estate in the United States was roughly $34.7 trillion excluding farms and $35.8 trillion including farmland. The value of farm assets and land was obtained using U.S. Department of Agriculture data and subtracting the FOF number for structures on farms. In 2005 the value of land alone in the United States was $10.8 trillion excluding farmland and $11.9 trillion including farmland.

The amazing fact is that the value of real estate as a whole increased by $12.7 trillion from 2000 to 2005 (see table 6.10). Of that amount, over $5.1 trillion was an increase in land value. After 1995 just less than $20 trillion in new real estate assets was created, with land increasing by $7.8 trillion. Figures 6.6 and 6.7 show the pattern of real and nominal real estate and land values from 1975 to 2005.

Montagem: Àbeira do urbanismo

Although these results are an approximation from imperfect data sources, they are quite sufficient to reveal several things to an order of magnitude. First, $35 trillion is a very substantial portion of national wealth and a substantial asset on the household balance sheet. The financial wealth held by households is about $40 trillion. Second, the data reveal substantial upward movement on the part of land price and real estate holdings that began around 1995 and continued into 2005. Finally, the time series on total real estate and land values both show a very steady upward movement, except in the early 1990s. The aggregate data reveal little volatility, except for the substantial decline in the value of real nonresidential property during the 1990s. 

Overall during the period, land value increased at a steady rate in real terms from 1975 through 1989. From 1989 through 1995, land value fell sharply as a result of the collapse of commercial real estate nationally and the softening of real estate markets in the Northeast and California. Since 2000, real estate markets, again particularly in the Northeast and on the West Coast, have seen a substantial rise in value in all segments of the market, and land values have soared. Table 6.1 summarizes the results since 1990. (..)

2026-01-04