home builders

The Cost of Building a New Home: Where Does the Money Go?

For 2013, the National Association of Home Builders broke down the cost of construction on new single-family homes into the following eight major stages of construction:

  • Interior finishes account for 29.3% of construction costs

  • Framing: 19.1%

  • Exterior finishes: 14.4%

  • Major system rough-ins: 13.4%

  • Foundations: 9.5%

  • Site work: 6.8%

  • Final steps: 6.6%

  • Other costs: 0.9%

Price Tags Rise as Homes Get Costlier to Build