The cost to build a single family home varies greatly depending on the size and location of the home, as well as the quality of materials and construction methods used.
The following is an average breakdown of what it costs to build a single family home:
Costs for land acquisition range from $0 to $100,000+ per acre. For example, if you are building in an established neighborhood with existing infrastructure, you may be able to buy land at a lower cost than if you are building on raw land. On the other hand, if you are building on raw land in an outlying area with no infrastructure and few utilities available nearby, your costs will be higher because of these factors.
Costs for site preparation and excavation vary by region but typically range from $10-$25 per square foot of your lot (this includes grading, septic systems, water lines and other infrastructure). If you need to drill wells or use groundwater storage tanks, costs will rise significantly due to the difficulty involved in accessing groundwater.
Building materials vary widely in price depending on local availability and demand for various products. The following is an average breakdown of what it costs for various building components in residential construction:
Cost to build a single family home
To determine how much it costs to build a house, you need to consider several factors. The cost will depend on the size of the house, whether it is new or an existing structure and whether you are doing the work yourself or hiring contractors.
The cost to build a home varies widely depending on where you live and what kind of house you want to build. According to Remodeling Magazine’s 2015 Cost vs. Value Report, the average cost per square foot for new construction in 2014 was $273 in the Midwest and $339 in the West. A national average for complete remodels was $111 per square foot.
The National Association of Home Builders (NAHB) estimates that labor costs account for about 20 percent of your total project budget. Material costs range from 30 percent in the Midwest to 40 percent in Alaska and Hawaii. These numbers vary widely depending on location, design and amenities.
Housing Size Matters
The size of your new home has a big impact on its price tag, so it makes sense that costs would rise as square footage increases. A study by Cost vs Value shows that smaller homes typically fall into two price ranges: below $230 per square foot for 1,000-1,500 sq ft homes; and above $300 per
The average cost of building a house is $250 per square foot. If you build a 2,500-square-foot home that includes a basement and garage, you can expect to pay $125,000 for the structure alone.
Costs vary based on the size of your lot, the size of your home and other factors. For example, if the house is more than 3,000 square feet or has luxury features like granite countertops or stainless steel appliances, construction costs will be higher than those listed here.
The following table provides average costs for building a new home in different regions in 2016:
Average Cost to Build a New Home
Area Type Average Cost per Square Foot
Midwest: Detached Single Family Residence $118
Mountain/Pacific: Detached Single Family Residence $221
Northeast: Detached Single Family Residence $154
The average cost of building a house is $150,000. The median price of new homes sold in the United States was $226,900 in February 2019, according to the U.S. Census Bureau. That’s up from $225,800 in January and $220,600 in December 2018.
Costs vary depending on your home design and location. To get an accurate quote for building a custom home, contact a builder or architect near you – or search for local builders in our directory.
Building costs are one of the biggest financial factors when considering whether to build or buy a home. You can estimate how much it will cost to build your dream home by using our cost calculator below:
How much does it cost to build a house?
According to an analysis from ATTOM Data Solutions, the average cost to build a single-family home in the U.S. is $335,000. That’s up about 4% from last year, but still below the peak of $370,000 in 2008.
To determine this figure, ATTOM Data Solutions analyzed building permits from 2016 through 2018 in all 3,100-plus counties and parishes (county equivalent) nationwide. The analysis includes all single-family houses — detached homes, townhomes and condos — but excludes multi-family dwellings like duplexes, triplexes and fourplexes.
The data show that costs vary widely by location. For example:
In Los Angeles County, California, the average price tag to build a new single-family home was $1 million as of January 2019. In Suffolk County, New York, meanwhile, it was just $217,997 — roughly half as much.
Building a home is one of the most expensive investments you’ll ever make. The average cost to build a home in the United States is $328,000, according to the National Association of Home Builders. That figure includes labor, materials and permits. The actual cost of building a house will vary based on location, size and building materials.
Costs for Building a House
The total cost of building a home depends on many factors:
Size of the house: A larger home has more square footage to cover, so it will cost more than a smaller one.
Location: Building codes may vary by location, as well as the type of terrain where the lot is located and how much it costs per foot to clear the land (if any). For example, if you live in an area where you have to pay for water and sewer lines, that’s going to be factored into your total cost.
Builder fees: If you hire someone to build your house for you then there will be a fee for their services. The amount you’ll pay depends on who does the work (general contractors or subcontractors) and what state or region you’re building in. In some areas general contractors charge about $60 per hour for labor while others may charge less than half