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Distribution of construction costs of single-family homes in the U.S. 2015-2022

Published by
Fernando de Querol Cumbrera,
Aug 9, 2023
The most expensive phases of building a single-family home in the United States during 2022 were framing and interior finishing. Meanwhile, major system rough-ins such as plumbing, electrical lines, and HVAC were the third phase with the highest construction costs. The weight of interior finishes within the overall construction costs has declined every year since 2015. The total cost of building a house in the U.S. increased significantly in the past years.

Distribution of the construction costs of single-family homes in the United States from 2015 to 2022, by construction phase

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Source

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Release date

February 2023

Region

United States

Survey time period

2015 to 2022

Number of respondents

3,891 home builders

Special properties

The cost corresponds to the construction of the average single-family home mentioned by the respondents in the survey.

Method of interview

Questionnaire

Supplementary notes

Average home size used in the survey to calculate construction costs:

  • 2015: 2,802 sq. feet
  • 2017: 2,776 sq. feet
  • 2019: 2,594 sq. feet
  • 2022: 2,561 sq. feet

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