I’ve hesitated to do an episode on the cost of construction because homebuilding costs can vary greatly from house to house and region to region. But, “How much does it cost to build a house?” is a question that comes up a lot. So I decided to give you some information collected by the National Association of Home Builders. They did a cost of construction survey which asked builders from around the United States to break down their construction costs for the typical home they built in 2017.
This week’s episode will cover a lot of numbers that you cant possibly remember, but I want to give some points of reference for our own project.
I’ll not only share the average cost for each major category of the building process, such as site work, framing and the foundation, but I’ll also tell you what percentage of the total cost of construction each segment represents.
Here are some quick averages:
The average single-family home built in 2017 was 2,776 square feet, so almost 2800 square feet.
The average lot size was about 11,186 square feet.
The average construction cost of a typical single-family home in 2017 was $237,760.
Show notes at BYHYU.com