How Much Does It Cost To Build A House? BYHYU 107
I\u2019ve hesitated to do an episode on the cost of construction because homebuilding costs can vary greatly from house to house and region to region.\xa0 But, \u201cHow much does it cost to build a house?\u201d is a question that comes up a lot.\xa0 So I decided to give you some information collected by the National Association of Home Builders.\xa0 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\u2019s 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.\xa0
I\u2019ll not only share the average cost for each major category of the building process, such as site work, framing and the foundation, but I\u2019ll also tell you what percentage of the total cost of construction each segment represents.\xa0
Here are some quick averages:\xa0
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.\xa0
Show notes at BYHYU.com