Updated about 9 years ago on .
Real Estate Terminology
Within the BP forums I've often seen the terms real estate development and real estate construction used interchangeably. In my neck of the woods, residential real estate development specifically means developing a subdivision out of raw land. Residential construction specifically means building a building.
In my profession, I am a home builder/residential general contractor. I hire all the subcontractors needed to build a house, and I get it built. I would not be considered a developer. In fact, I buy my lots from developers.
Has anyone else noticed this dichotomy, or is my market simply different?