Tuesday, April 19, 2016
The Cost of Constructing a House
The National Association of Home Builders' most recent construction cost survey (conducted in August of 2015) shows that, on average, 61.8% of the sales price goes to construction costs and 18.2% to the finished lot costs. On average builder profit (including owners' salary and return on capital) accounts for 9.0% of the sales prices. Take a look at the table below and read the full report here.