It's not often that construction costs for single-family homes exceed 60% of the overall price, but this is one of those times. Inflation is alive and well for builders.
For only the fourth time since 1998, the National Association of Home Builders (NAHB)'s latest Cost of Construction Survey reveals that 60.8% of the average home sales price consisted of construction costs in 2022.
Others were 2019 at 61.1%; 2015 at 61.8%; and the all-time high in 2013 at 61.7%. The survey has been conducted since 1998.
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