Meaning of the word "new build" in English

What does "new build" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

new build

US /nuː bɪld/
UK /njuː bɪld/
"new build" picture

Noun

a newly constructed building or property, especially one that has just been completed or is still under construction

Example:
They bought a beautiful new build house on the outskirts of the city.
Investing in new builds can offer modern amenities and energy efficiency.