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Today's Terms
National Association of Home Builders
Definition:
The NAHB is a trade association that promotes housing since 1942.
Allowance
Definition:
A sum of money set aside in the construction contract for items which have not been selected and specified in the construction contract. Best kept to a minimum number and used for items who's choice will not impact earlier stages of the construction
Renovation
Definition:
Renovation entails improvement through remodeling and restoring.
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