208V in "most homes" is a severe voltage sag. Residential service for "most homes" is 240V. 208V single phase for residential service is generally limited to large multi-dwelling projects where service from the utility is 208Y/120V and then each unit gets two phases, A-B, B-C, or C-A. These are from two of the three secondary windings. Certainly, when you look at the voltage from A-B (or the others) you will see a single sine wave, in that regard it is single phase. But if you look at the two voltages to neutral you will find that they are not 180[°] from each other. In the case of 240V single phase service, when you look at the two phase voltages to neutral you will find them to be 180[°] from each other.