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

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