The case of Thermodom: features of operation and development of construction holding companies in the residential real estate market of Penza

Abstract

The article addresses the efficiency of construction holding companies that operate in the housing market of one
Russian region. The main trends in the development of construction holding companies in the Penza region are
outlined within the framework of the Strategy for the social and economic development of the Penza region through
2035. The co-authors analyze the principal characteristics of Termodom, a Penza-based construction holding
company. In particular, they explore the implementation of its market strategy, the cyclical nature of the housing
market development, cycles of construction project development and implementation, and real estate sales over
the period exceeding the last five years. Research methods include theoretical analysis and empirical research
such as statistical data analysis, as well as data description and grouping. The co-authors have studied works
on the operation of construction enterprises, research articles, monographs, electronic resources, and legal acts.
Research methods, employed by the co-authors, include description, comparison, and classification. The coauthors
use practical approaches to the monitoring and analysis of the activities performed by various construction
holding companies with a special focus on the milestones of their strategic development and with regard for
the factors of internal and external environments. This approach has enabled the co-author to project the main
patterns of future sustainable development of these enterprises and the construction industry as a whole.
It is necessary to develop a system of legislative, regulatory and economic standards to efficiently solve the problem
of unfinished construction projects, to switch over to innovative technologies and implement other innovations and
proper development strategies with a focus on investments, innovations, internal and external market potential. The
proper analysis of factors of external and internal environments is a must for the successful attainment of these
objectives.