Final steps (e.g., driveway, landscaping): 6.5% Other costs: 2.1% The share of construction costs to the total price of a new home is the highest since NAHB first produced the survey in 1998.

However, rates remain above the 4.1% rates of six years ago, before the pandemic altered the real estate market, or the ...

Here is a breakdown of what goes into building a new house and how much it costs, with labor factored in. The average new U.S. home in 2024 had a total area of 2,647 square feet. Site work ...

California’s home sales declined by the largest amount in a year in May, as an extended buying slump continues.

Among 150 of the biggest cities in the U.S., the median cost of a new-construction home ranged from $254,950 to over $1.6 million in the first two months of 2025.

For a while, the new construction market was a bright spot in an otherwise dreary housing world where existing home sales fell to their lowest level in almost three decades. Builders could do what ...

New-home sales have been powering an otherwise dismal housing market, but macroeconomic headwinds are prompting homebuilders to pull back. According to the May 2025 new construction report from ...

Houston leads the U.S. in new home construction, issuing over 11,000 permits and selling 1,314 new homes in early 2025. Dallas, San Antonio, and Austin also made the top 10 for new builds, with ...

The decline in new home sales was visible in the first half of 2024 when closings were down 15 percent from 267 from January to June 2023 to 227 last year. There were 308 closings in the second ...

New single-family home construction edged up to a 924,000 rate, still one of the slowest paces since 2023, while the number of homes completed rose more than 8% to 1.03 million.

The median price of a new metro Phoenix house was $489,207 in March, which was about $35,000 higher than the price for an existing home. The new home median was down after climbing above $505,000 ...

The average size of a new home built in 2024 in unincorporated Walker County increased 62 square feet to 2,519. The average cost of construction was $267,630.