Meaning of “speculative building” in the English Dictionary

"speculative building" in Business English

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speculative buildingnoun [ U ]


the activity of building houses without having any buyers waiting for them:

All speculative building is on hold because of the weak economy.
speculative builder
noun [ C ] also spec builder

You must be licensed and pay tax as a speculative builder if you are in the business of home sales.

(Definition of “speculative building” from the Cambridge Business English Dictionary © Cambridge University Press)