In 2024, homebuilding costs are detailed across several essential components, including site work (7.6%), foundations (10.5%), and major systems (19.2%). Site work encompasses various fees totaling $32,719, while laying the foundation averages $44,748. Framing alone accounts for 16.6% of the overall cost, along with significant expenses for exterior finishes and major systems like plumbing and electrical. Understanding these breakdowns clarifies how costs affect builder profits and ultimately impact home prices for buyers in the market.
Homebuilding costs in 2024 include site work, foundations, framing, exterior finishes, and major systems, impacting builder profits and buyer prices.
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