Contractor-Built Homes In The Pacific Region Cost $168 Per Square Foot

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September 14, 2016

The West Coast has the most expensive contractor-built single-family homes started in 2015.

NAHB reports that those homes built in the Pacific region last year have a median contract price of $168 per square foot, the highest in the nation. New England ($149), the West North Central ($124), and the Middle Atlantic ($122) also have higher figures than the national average of $105. The site also examined speculatively built homes.

The most economical homes are spec homes started in the South region, where median sale prices per square foot (excluding improved lot values) range from $78 in the East South Central division to $87 in the West South Central division, consistently below the national median sale price of $92 per square foot. Looking at the contractor-built starts in the South, prices per square foot are slightly higher ranging from $98 in the West South Central division to $100 in the East South Central and South Atlantic divisions but still below the national median contract price of $105 per square foot.

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