This includes both new construction and resale.

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Multiple Choice

This includes both new construction and resale.

Explanation:
Residential real estate covers properties intended for people to live in, and it includes both brand-new homes and existing homes that are being resold. This category specifically addresses the housing stock, whether it’s a fresh build by a developer or a previously owned home listed for sale, making it the most fitting for the idea of “includes both new construction and resale.” In contrast, commercial real estate focuses on properties used for business purposes, industrial real estate centers on factories and warehouses, and land refers to undeveloped or raw parcels not yet used as dwellings.

Residential real estate covers properties intended for people to live in, and it includes both brand-new homes and existing homes that are being resold. This category specifically addresses the housing stock, whether it’s a fresh build by a developer or a previously owned home listed for sale, making it the most fitting for the idea of “includes both new construction and resale.” In contrast, commercial real estate focuses on properties used for business purposes, industrial real estate centers on factories and warehouses, and land refers to undeveloped or raw parcels not yet used as dwellings.

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