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Residential real estate includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.
New home building is a critical category. It includes the construction of single-family homes, townhouses, and condominiums. The National Association of Home Builders provides monthly data on home sales and average prices. The data on new home sales is a leading economic indicator. It signals how the housing market will do in nine months. That’s how long it takes to construct new homes. The NAHB also reports new home starts, those are the number of home construction projects on which ground is broken.
Real estate is the property, land, buildings, air rights above the land and underground rights below the land.
Construction is the process of constructing a building or infrastructure. Construction requires collaboration across multiple disciplines.
Interior design is the art and science of enhancing the interior of a building to achieve a healthier environment for those using the space.
