Nationally the real estate sector accounted for $17.5% of the US GDP in 2019. In Missouri, the real estate industry accounted for $49.6 billion or 14.9% of the gross state product in 2019. In the first quarter of 2020, residential and commercial real estate accounted for nearly 20% of gross domestic product. Based on the most recent US employment data (2018), 19.2 million people are employed (payroll and self-employed) in construction, real estate, rental, and leasing, making up 10% of total employment. According to MERIC, Missouri employment in the real estate industry in 2016 was 25,825 with projected growth to 27,577 jobs by 2026, an increase of 6.78%.
Best Practices for Real Estate Team Leaders
How real estate can make a comeback after COVID-19
How real estate agents are keeping client safe during COVID-19
Featured Industry Resources
The real estate industry faces a number of unique challenges as a result of COVID-19. These resources can help.
Take the Show Me Strong Pledge
Missourians are strong, resilient and ready to get back to business. The backbone of a healthy economic recovery depends on everyone’s willingness to help control the spread of COVID-19.
The Show Me Strong Pledge is a voluntary commitment to take a few simple steps that will aid in protecting the well-being of all Missourians.