February 20, 2020
The February 2020 National Update is now available.
COST OF CONSTRUCTING A HOME
2/3.Over the years, NAHB has periodically conducted “construction cost surveys” to collect information from builders on the various components that go into the sales price of a typical single-family home. NAHB’s most recent Construction Cost survey (conducted in the fall of 2019) shows that, on average, 61.1 percent of the sales price goes to construction costs and 18.5 percent to finished lot costs. On average, builder profit is 9.1 percent of the sales price.
Read the full report.
Available to the public:
• Building Permits by Metro
• Employment by Metro
• View More Economic and Housing Data on www.nahb.org