The average single-family home size in the 2024 survey was 2,647 square feet of finished floor space, an increase of 86 square feet from 2022. From 2015 to 2022, the average square footage of a ...

Construction loans are short-term, high-interest loans that cover the costs of building a new home – including land purchases, contractor labor, materials and permit fees. With a construction ...

According to the 2024 survey of home builders, the biggest single component of a new home’s total sales price is construction costs, which accounts for around 64.4%.

Here is a breakdown of what goes into building a new house and how much it costs, with labor factored in. The average new U.S. home in 2024 had a total area of 2,647 square feet.