- A mass-produced house, built as part of a housing development.
mass-produced home, production-built home
Related Terms and Acronyms
- Borrow Pit — Definition,
- A hole from which topsoil, gravel, or other material is removed for use in a construction project.
- Builder Upgrades — Definition,
- Refined features or materials that a builder offers for an extra charge.
- Common Interest Development (CID) — Acronym,
- A housing area in which owners belong to a homeowners association that owns and maintains common areas.
- Custom Builder — Definition,
- A contractor that constructs or remodels houses based on plans submitted by the client.
- Custom Home — Definition,
- A house built according to plans from an architect hired by the owner.
- Manufactured Housing — Definition,
- Factory-built home that can be placed temporarily or permanently upon land. Styles vary from modest trailers to dwellings that look like site-built houses.
- Pre-sold Home — Definition,
- A house that is sold prior to construction as opposed to a house built on spec.
- Schematic Designs — Definition,
- Structural plans for a building's mechanical systems, such as its plumbing and electrical functions.
- Semi-custom Home — Definition,
- A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
- Speculation Builder — Definition,
- A developer that builds houses without a commitment from a purchaser.
- Speculation Home — Definition,
- A house built before a buyer has been found, on the assumption that one will be found.
- Starter Home — Definition,
- A dwelling that is relatively small and inexpensive and bought as a first home.
- Upgrades — Definition,
- Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.