Term:
Dwelling construction (activity)
Definition:
In dwelling construction four types of building activity are distinguished:
- new construction: the erection of an entirely new structure, whether or not the site on which it was built was previously occupied;
- restoration: repairs by which at least one dwelling or other structure is effectively reinstated and where substantial parts of the existing structure are used;
- extension: the enlargement of buildings by which space is added;
- conversion: structural changes carried out within a building
Domain:
Industry
Source:
OECD Glossary