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What Does It Cost to Build a Single-Family Home?

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Single-Family Homes

What Does It Cost to Build a Single-Family Home?

A closer look at the itemized costs in each stage of construction for a single-family home

April 15, 2024
New single-family home framing under construction
Image: marls / stock.adobe.com

To gain a better understanding of the costs involved in building a single-family home, news and research company ResiClub used data from the National Association of Home Builders' (NAHB) to create a pie chart. The data is from NAHB's construction cost survey, published in 2023, which presents national averages (rather than a specific geographical breakdown) and shows the total construction costs for the “average” single-family home. That home cost $392,241 to build and had an average sales price of $644,750; a sales price that includes construction costs, the finished lot, financing, overhead and general expenses, marketing, sales commission, and profit. 

Looking at national averages for itemized costs, NAHB broke down the costs into eight major stages of construction—site work, foundations, framing, exterior finishes, major systems rough-ins, interior finishes, final steps, and other—and a total of 36 subcategories within those eight stages.

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%

See the pie chart


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