Prophetic, an AI-native software platform for real estate development opportunity analysis & land acquisition, announces DevMap, the first 50-state map of new residential subdivision developments.
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“Local markets are difficult to analyze, often requiring days or weeks of manual data review to understand where new development projects are & how successful those projects are – that needed to change,” said Oliver Alexander, Founder & CEO of Prophetic. “DevMap is an industry-first technology that highlights residential subdivisions that are recently-completed, under-construction, and coming-soon in all areas of all 50 states. By providing our customers unprecedented insights into primary, secondary, and tertiary markets, we're removing the barriers they face daily when it comes to emerging market identification, competition monitoring, and the sourcing of entitled/finished lots for homebuilders.”
Prophetic's DevMap technology is based on a vast web of data architecture including analysis of parcel geometries, building permits, assessor files, Large Language Model (LLM) based predictive analytics, machine learning, and much more. The result is a single map layer that contains all new residential subdivisions, in any city, where users can simply click any highlighted new development to learn more. “Within the last 12 months, 164,354 new residential subdivisions entered the entitlement process, completed entitlement, began construction, or completed construction in the US – a statistic that, as far as we can tell, has never been reported before. DevMap's ability to identify new residential subdivision developments in literally any city, unincorporated county, or major metro area in the country is truly groundbreaking” commented Dr. Jimmy Cleveland, Co-founder & Chief AI Officer of Prophetic.
When DevMap is used in combination with Prophetic's state-of-the-art ZoneAI national zoning data, property data, SiteAI automatic site planning technology, landowner skip tracing, and more, the “snowball effect” of value becomes a complete solution that removes land acquisition as a growth bottleneck for homebuilders, land developers, real estate developers, brokers, BTR developers, and others.
“This national release ofone of our most valuable proprietary technologies, DevMap, is a high-water mark of Prophetic to-date. This project showcases our technical team's world-class expertise in creative data engineering and artificial intelligence-based analysis. Our engineering team loves opportunities to watch how our product provides next-level value directly to our customers, and this project is no exception” noted Daniel Lifflander, Co-founder & CTO of Prophetic.
Schedule a demo of Prophetic, including DevMap, today at www.propheticsoftware.ai
Media Contact: Oliver Alexander, Founder & CEOoliver@propheticsoftware.ai
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SOURCE Prophetic
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