The Cost of Building a Home in the U.S.

What We’re Showing

This infographic highlights the average cost of constructing a new single-family home in the U.S. in 2024, by component.

The data comes from the National Association of Home Builders (NAHB), which surveyed 4,000 U.S. home builders to obtain the data.

Key Takeaways

• The total construction cost averaged $428,215 per single-family home in 2024, accounting for nearly 64% of the final sale price.
• Interior finishes are the most expensive construction component, averaging over $103,000, or 24% of total costs. This includes insulation, drywall, doors, painting, lighting, appliances, and several other interior elements of a home.
• Major systems rough-ins—such as plumbing, electrical, and HVAC connections—make up nearly 20% of construction spending.
• Framing, which includes using wood and metal to create the home's structure, is the third-largest construction expense at nearly $71,000 per home, followed by exterior finishes.
• The final steps of construction include landscaping, outdoor structures (decks and patios), driveways, and clean up, which together make up around 6.5% of total construction costs.