Here’s what it actually costs to build a single-family home, as told by one pie chart

Source: Fast Company

Ever wondered what goes into the price tag of building your dream home? Well, the National Association of Home Builders recently spilled the beans, revealing that it costs around $392,241 on average to construct a single-family home in 2022. Surprisingly, things like framing and roofing gobble up the biggest slice of the budget, making up about 15.5% of the total cost, followed closely by excavation and foundation work at 10.1%.

But wait, there's more to the story! The recent U.S. Supreme Court ruling has thrown a curveball into the mix by allowing challenges to California's development impact fees. These fees, often reaching over $100,000 per home, help fund vital infrastructure projects like roads and schools. It's a balancing act between building our dream homes and ensuring our communities have the resources they need to thrive.

So, whether you're a builder crunching the numbers or a future homeowner dreaming big, understanding the real costs behind single-family home construction is key.

READ MORE