According to the 2024 survey of home builders, the biggest single component of a new home’s total sales price is construction costs, which accounts for around 64.4%.

The National Association of Home Builders recently released the results of a survey of 4,000 home builders, breaking down exactly how much each stage of construction on a new home costs. Overall ...

It accounted for $44,748 or 10.5% of the construction cost of a new home in 2024. Excavation, foundation, concrete, retaining walls and backfill: $43,002 Other: $1,747 ...

According to the 2024 survey of home builders, the biggest single component of a new home’s total sales price is construction costs, which accounts for around 64.4%.

That decline in luxury new home construction comes as the overall new-home market for all price points combined ran 11 percent higher in terms of closings over 2023.

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.

Houston, Texas, leads the nation in new-home development, with more than 11,000 building permits issued and over 1,300 newly constructed homes sold in the first two months of 2025.

The drop in new home construction in April comes at a time when home affordability is near generational lows amid persistently elevated mortgage rates and a shortage of homes for sale. A prolonged ...

New York is the only city in the top 10 that’s located outside of the Sun Belt. According to ConsumerAffairs, changes to zoning policy in 2024 are expected to produce 82,000 newly built homes in ...

New-construction homes are typically more expensive than existing, but the gap is closing, according to Zillow. The median price of an existing U.S. home in February 2025 was $398,400, while the ...