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Sixty-one percent of the average home sales price for a new home was comprised of construction costs in 2019, up from 55.6% in 2017, according to a new analysis from the NAHB. Finished lot costs comprised the second largest cost at 18.5% of the sales price.
While costs have risen, the profit margin for builders has decreased slightly, falling from 10.7% of the sales price in 2017 to 9.1% in 2019.
Do you like detailed billing? How about this one breaking down the cost of building a new house (a sampling model of course)
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