Cost new rent refers to the minimum market rental rate needed to justify new construction projects in a real estate market.
A private insurance program that protects purchasers of newly constructed homes, offering coverage against structural and mechanical faults provided the builder participates in the program.
Housing Starts are a vital economic indicator that measures the number of new residential construction projects that have begun within a specified period. This figure provides insights into economic conditions and trends within the housing market.
Urban renewal is the process of redeveloping deteriorated sections of a city through demolition and new construction, often involving government programs to modernize and revitalize areas.
