As used in this subchapter:
(1) “Builder” means any individual, trustee, partnership, corporation, or other entity contracting with an owner for the construction of a new dwelling.
(2) “Buyer” means any individual, trustee, partnership, corporation, or other entity purchasing any estate or interest in a new dwelling.
(3) “New dwelling” means a new 1- or 2-family residential dwelling, not previously occupied, and constructed for residential use.