Source: https://www.resiclubanalytics.com/p/cost-breakdown-constructing-singlefamily-home-told-one-pie-chart?utm_source=www.resiclubanalytics.com&utm_medium=newsletter&utm_campaign=the-cost-breakdown-of-constructing-a-single-family-home-as-told-by-one-pie-chart
The cost breakdown of constructing a single-family home, as told by one pie chart
NAHB provided ResiClub with the national averages for itemized costs in each stage of construction for a new single-family home.
To better understand single-family construction costs, ResiClub reached out to the National Association of Home Builders (NAHB) for the trade group’s latest cost breakdown.
The NAHB provided ResiClub with the national averages for itemized costs in each stage of construction for a new single-family home in 2022. The data comes from NAHB’s construction cost survey published last year.
Among the builders surveyed, the average sales price of their single-family homes in 2022 was $644,750 and includes costs for construction, the finished lot, financing, overhead and general expenses, marketing, sales commission, and profit. Total construction costs for the “average” single-family home included in the survey was $392,241.
The pie chart below breaks out those costs for the “average” home.
The NAHB broke down the costs of the eight major stages of construction (see the 8 color groups in the pie chart above), which are made up of 36 total subcategories (see the table below).
Of the 36 subcategories, framing, including the home’s roof, accounts for the biggest chunk at 15.5% of the total construction costs. It’s followed by “excavation, foundation, concrete, retaining walls, and backfill” at 10.1%