The National Association of Home Builders (NAHB) just published its latest national averages for itemized costs in each stage of construction for a new single-family home.
In 2022, the average sales price of new single-family homes sampled by NAHB 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” new single-family home included in the survey was $392,241.
In 2024, the average sales price of new single-family homes sampled by NAHB was $665,298 and total construction costs for the “average” new single-family home included in the survey was $428,215.
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