Construction Costs for Single-Family Unit
2004 Final National Results
September 15, 2005
Average: 2,800 square feet
I.  Sale Price Breakdown	Average	% of Total
1. Finished Lot Cost (including financing cost)	$97,029	26.0%
2. Total Construction Cost	$192,846	51.7%
3. Financing Cost	$6,773	1.8%
4. Overhead and General Expenses	$21,469	5.8%
5. Marketing Cost	$7,067	1.9%
6. Sales Commission	$11,258	3.0%
7. Profit	$36,629	9.8%
8. Total Sales Price	$373,349	100.0%
II.  Lot Cost	Average	% of Lot Cost
A. Raw Lot Cost	$48,769	50.3%
B. Development Costs:
a. cost of processing approvals	$5,678	5.9%
b. site preparation	$6,930	7.1%
c. site improvement	$16,132	16.6%
-paving	$3,824	3.9%
-water and sewer	$5,031	5.2%
-erosion and sediment	$749	0.8%
d. impact analysis	$515	0.5%
e. water/electric hook-up	$1,698	1.8%
f. land dedication or fee in lieu	$92	0.1%
g. bonding/escrow fee	$479	0.5%
h. financing cost	$3,127	3.2%
i. tree preservation and planting	$1,650	1.7%
j. wetland preservation and planting	$2,272	2.3%
-value of unbuilt land	$1,879	1.9%
-cost of mitigation	$231	0.2%
k. value of land left unbuilt as green space or park	$432	0.4%
l. other costs	$9,255	9.5%
Total B - Development Costs (a…l)	$48,260	49.7%
Total Finished Lot A + B	$97,029	100.0%
III.  Construction Cost Breakdown	Average	% of                    Construction Cost
Building Permit Fees	$1,629	0.8%
Impact Fee	$2,132	1.1%
Water and Sewer Inspection	$2,226	1.2%
Excavation, Foundation, and Backfill	$19,070	9.9%
Steel	$620	0.3%
Framing and Trusses	$41,014	21.3%
Sheathing	$2,775	1.4%
Windows	$6,129	3.2%
Exterior Doors	$1,768	0.9%
Interior Doors and Hardware	$4,607	2.4%
Stairs	$1,119	0.6%
Roof Shingles	$4,256	2.2%
Siding	$6,875	3.6%
Gutters and Downspouts	$478	0.2%
Plumbing	$10,127	5.3%
Electrical Wiring	$6,591	3.4%
Lighting Fixtures	$1,690	0.9%
HVAC	$7,133	3.7%
Insulation	$2,623	1.4%
Drywall	$9,522	4.9%
Painting	$6,961	3.6%
Cabinets and Countertops	$12,670	6.6%
Appliances	$2,475	1.3%
Tiles and Carpet	$8,188	4.2%
Trim Material	$4,831	2.5%
Landscaping and Sodding	$5,038	2.6%
Wood Deck or Patio	$2,021	1.0%
Asphalt Driveway	$2,413	1.3%
Other	$15,865	8.2%
Total	$192,846	100.0%

 

Source: NAHB.com