We all know that many things go into building a home, but how much do they actually contribute to the home’s listing price?
Profit. Land. Construction. Commission. Oh yes, we’re talking single-family home construction.
The National Association of Home Builders just came out with their latest numbers on single-family home construction cost, and this week, we’ll be taking a detailed look at the association’s findings. For this story, we’re looking at a single-family home’s price.
In 2013, the average single-family home was priced at $399,532; it was 2,607 square feet, and located on a lot of 14,359 square feet (if those numbers seem large, see our previous coverage).
What were the seven components of that $399,532? See our infographic below to find out.