A custom builder constructs unique homes based on client specifications and architectural designs, offering bespoke solutions different from production or tract houses.
A frame house is a type of residential structure built using a wooden frame, typically covered with siding or veneer materials that provide both aesthetic appeal and added durability.
The Homeowners' Warranty Program (HOW) is a type of warranty designed to offer protection to buyers of newly built homes and provide coverage against deficiencies in construction quality, craftsmanship, and significant defects. This warranty aims to protect homeowners from unforeseen repair costs and ensure that builders adhere to high standards of construction.
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.
Housing starts refer to the number of new residential construction projects that have begun within a specific period, typically measured on a monthly basis. It is a leading economic indicator that provides insights into the real estate market and the economy at large.
Modular housing refers to homes that are built in sections (modules) in a factory setting and then transported to a building site where they are assembled and installed on permanent foundations, complying with local and regional building codes and regulations.
The NAHB is a trade association that represents the interests and concerns of home builders, developers, contractors, and related professionals within the residential construction industry in the United States.
The National Association of Home Builders (NAHB) is an organization of home builders that provides educational resources, political information, and research services. It also publishes a monthly magazine called Builder.
Slab foundation, or simply 'Slab', refers to a flat, poured concrete building base, lacking basements, commonly used in residential construction, especially in areas prone to soil movement or those with high water tables.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!