construction costs | Eye On Housing

Cost of Constructing a Home in 2024

Eric LynchJanuary 23, 2025April 16, 202503 mins

Construction costs account for 64.4% of the average price of a home, according to NAHB’s most recent Cost of Construction Survey. In 2022, the share was 3.6 points lower, at 60.8%. The latest finding marks a record high for construction costs since the inception of the series in 1998 and the fifth instance where construction…

Cost of Constructing a Home in 2022

Eric LynchMarch 9, 2023August 20, 202452 mins

The NAHB recently published its latest Cost of Construction Survey. Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019. Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of…