Before running the configure script, try .configure --help.
This will display a list of options which can be used change the standard build.
For example --prefix=/usr is usualy the destination default, but not always.
--with-package and --without-package can include/exclude dependency support from other packages.
There are many other options.
Most distros use the standard default values and the INSTALL file only describes the basic configure/make/make install process.
When you run the configure script take a very close look at the output. It will give you some idea as to additional options that may be considered. glibc has no real dependancies and as such should build with the basic c/m/mi.
I'm not sure what your host is but i build/use Linux from Scratch. Have a look at
http://www.linuxfromscratch.org/lfs/view/stable/ to get an idea of what these option look like and the reasons are explained as well.
gregvs