![]() ![]() ![]() NAHB’s 2019 Construction Cost survey was conducted by emailing a questionnaire to a representative sample of 6,516 home builders. The following sections describe the methodology of the survey and discuss the results in more detail. These percentages cover all costs paid by a builder, including labor, materials, and the cost of hiring subcontractors. Of the major stages of construction, interior finishes, at 25.4 percent, accounts for the largest share of construction costs, followed by framing at 17.4 percent. On average, builder profit is 9.1 percent of the sales price. NAHB’s most recent Construction Cost survey (conducted in the fall of 2019) shows that, on average, 61.1 percent of the sales price goes to construction costs and 18.5 percent to finished lot costs. Over the years, NAHB has periodically conducted “construction cost surveys” to collect information from builders on the various components that go into the sales price of a typical single-family home. ![]()
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