FlexMLS Label:  New Construction=yes or no

Existing=a previously occupied home;
New=a home that has never been occupied;
Proposed=no construction has started;
Under construction=not locked by the builder

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    • Under Construction

      The property is being built but has not yet been locked (secured) by the builder. See MLS Rules Exhibit 3
    • Section 2.5.2 Reporting New Construction Where Lot is Sold First, Improvement Sold Later

      Construction to Perm Financing: (Lot closes and bank loan pays builder to start & finish construction.) Do not enter lot as a separate sale(not a land listing). Where the buyer can choose the house plan, enter the listing the same day it goes under ...
    • Proposed

      Proposed indicates that there is currently no structure on the property. Once construction commences, choose Under Construction.
    • Existing

      A construction field value where the property has been previously occupied
    • New

      See Exhibit 3 Where the property has never been occupied, is locked by the builder, and the exterior is complete, change the Construction Status field from Under Construction to New. If the property has been occupied, use "Existing."