A contractor builds homes on several vacant lots in an established subdivision of 12 - to 20-year-old homes. the contractor advertises the homes for sale to prospective buyers. what type of residential construction is this

When a contractor constructs homes on several vacant lots in established subdivision 12 - to 20-year-old homes. The contractor promotes the homes for sale to prospective buyers. The type of those houses is often called speculation houses. It is also the act of engaging in perilous financial transactions in an attempt to yield from short term variations in the market value of a tradable financial tool rather than bidding to profit from the fundamental financial qualities personified in the instrument.