Definition of home lot in US English:
home lot
noun
US
In early use: a plot of land assigned to a particular owner for the purpose of building a house or farm on; = "homestead". Later more generally: a plot of land suitable for building a house on; a building plot.
Origin
Mid 17th century. From home + lot.
Pronunciation
home lot
/ˌhəʊm ˈlɒt/