Planned Unit Development (PUD)
Definition - What does Planned Unit Development (PUD) mean?
A planned unit development is a housing development that was planned out in advance of construction. Planned unit developments are typically large and can involve many structures and acres of land. Planned unit developments are an alternative to building houses one by one, or lot by lot. Often, small parks or other recreation areas are included to the unit.
Justipedia explains Planned Unit Development (PUD)
An example of a planned unit development would be a company who builds a small residential area with 12 houses on a tract of land. Once the project is complete, the developer can sell the houses one by one just as units of a brand new apartment building can be sold one by one. Planned unit developments are similar to small communities or neighborhoods. The developer can use one architectural theme throughout the whole development or use several different styles.