I hate finding out ive been using the wrong word my whole life. This is like when i found out a group of homes is called a tract home not a track home lol
Not sure all homes, as say in a subdivision, much less all homes that happen to be on the same street are "tract homes".
Generally "spec" homes and "tract" homes are used in the same frame of reference. As in all homes in the subdivision are predetermined floor plans, or flip flopped versions of the same plan. With of course different exterior trim packages available to the buyer.
Where other subdivisions can be all custom, with the only factor that they meet minimum square footage requirements. And can also have more than 1 builder. They generally are not referred to as "tract" homes.
Here we have a lot of subdivisions, (1 acre minimum) that are custom builders only. Although there is one we looked at when we moved into the area on 2004 that at the time had 2 phases and you could pick from 5 builders, but we wanted a lot in "phase 3" (out of a future total of 5) and they had reserved it ALL to a single builder. Needless to say we didn't buy there! Simply BECAUSE he started using a very confined selection of plans. (Yet homes in the first 2 phases run from 550~1.5.)
OTOH, 550 buys a GWAD-AWEFUL amount of home here, typically well over 5000 sq ft, custom everything, 3 car garage, and 1 acre minimum.
Just more than we wanted to pay for "cookie cutter" homes at the time. (Which is also something that'll refer to tract homes.)
We ended up on just under 2 acres with a large creek, all custom subdivision, that wasn't but 4 years old and was waaaaaaaay less than 550, or 450 or 350 for that matter and still has a 3 car garage upstairs and another one down (single door) that'll hold 2 cars.
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