APARTMENT ADDITION PRICE AND COST BREAKDOWNS

Total Construction Cost:

Average Finished Area:

Construction Cost Breakdown

Water and Sewer Inspection
Excavation, Foundation, and Backfill
Framing and Trusses
Sheathing
Windows
Exterior Doors
Interior Doors and Hardware
Roof Shingles
Siding
Gutters and Downspouts
Plumbing
Electrical Wiring
Lighting Fixtures
HVAC
Insulation
Painting
Cabinets and Countertops
Appliances
Tiles
Trim Material
Other
Total

Average
$960
6,900
9,360
720
2,280
900
1,020
1,740
2,820
360
4,020
3,660
780
3,360
1,260
1,980
4,980
1,440
2,700
1,200
7,560
$60,000

$60,000
1,054 sq ft

Share of
Constr. Cost
1.6%
11.5
15.6
1.2
3.8
1.5
1.7
2.9
4.7
0.6
6.7
6.1
1.3
5.6
2.1
3.3
8.3
2.4
4.5
2.0
12.6
100.0%

Table 1. SINGLE-FAMILY PRICE AND COST BREAKDOWNS

2009 National Results
Average Lot Size:
Average Finished Area:

Sales Price Breakdown

A. Finished Lot Cost (including financing cost)*
B. Total Construction Cost
C. Financing Cost
D. Overhead and General Expenses
E. Marketing Cost
F. Sales Commission
G. Profit
Total Sales Price

Construction Cost Breakdown

Building Permit Fees
Impact Fee
Water and Sewer Inspection
Excavation, Foundation, and Backfill
Steel
Framing and Trusses
Sheathing
Windows
Exterior Doors
Interior Doors and Hardware
Stairs
Roof Shingles
Siding
Gutters and Downspouts
Plumbing
Electrical Wiring
Lighting Fixtures
HVAC
Insulation
Drywall
Painting
Cabinets and Countertops
Appliances
Tiles and Carpet
Trim Material
Landscaping and Sodding
Wood Deck or Patio
Asphalt Driveway
Other
Total

Average
$76,591
60,000
6,375
20,377
5,297
12,815
33,658
$377,624

Average
$4,264
3,165
3,761
15,878
1,637
34,805
3,869
6,236
1,930
3,356
1,676
8,472
12,858
949
11,753
8,309
2,372
8,860
3,332
11,332
7,638
12,444
3,583
11,436
7,394
7,088
1,948
3,083
19,085
$222,511

21,879 sq ft
1,000 sq ft

Share of Price
20.3%
58.9
1.7
5.4
1.4
3.4
8.9
100.0%

Share of
Constr. Cost
1.9%
1.4
1.7
7.1
0.7
15.6
1.7
2.8
0.9
1.5
0.8
3.8
5.8
0.4
5.3
3.7
1.1
4.0
1.5
5.1
3.4
5.6
1.6
5.1
3.3
3.2
0.9
1.4
8.6
100.0%

Source: NAHB 2009 Construction Cost Survey, based on a national sample of 54 home builders

Table 2. SINGLE-FAMILY HOME SALES PRICE BREAKDOWN

HISTORY
1995
1. Finished Lot Cost
2. Total Construction Cost
3. Financing Cost
4. Overhead and General Expenses
5. Marketing Cost
6. Sales Commission
7. Profit

24.4%
53.3%
2.0%
5.8%
2.2%
3.3%
9.1%

Source: NAHB Construction Cost Surveys, 1995-2009

1998
23.6%
54.8%
1.9%
5.7%
1.4%
3.4%
9.2%

2002
23.5%
50.8%
2.1%
5.5%
2.4%
3.7%
12.0%

2004
26.0%
51.7%
1.8%
5.8%
1.9%
3.0%
9.8%

2007
24.5%
48.1%
2.4%
7.0%
2.5%
4.3%
11.2%

2009
20.3%
58.9%
1.7%
5.4%
1.4%
3.4%
8.9%

Table 3 SINGLE-FAMILY CONSTRUCTION COST BREAKDOWN

HISTORY
1998
Building Permit Fees
Sales Price Breakdown
Water and Sewer Inspection
Excavation, Foundation, and Backfill
Steel
Framing and Trusses
Sheathing
Windows
Exterior Doors
Interior Doors and Hardware
Stairs
Roof Shingles
Siding
Gutters and Downspouts
Plumbing
Electrical Wiring
Lighting Fixtures
HVAC
Insulation
Drywall
Painting
Cabinets and Countertops
Appliances
Tiles and Carpet
Trim Material
Landscaping and Sodding
Wood Deck or Patio
Asphalt Driveway
Other

0.9%
1.0%
1.0%
9.6%
1.1%
20.2%
NA
3.8%
1.1%
1.9%
0.4%
2.6%
4.3%
0.6%
5.9%
3.8%
1.0%
4.1%
1.4%
5.5%
3.8%
5.0%
1.3%
4.8%
3.1%
1.8%
0.7%
1.5%
7.7%

Source: NAHB Construction Cost Surveys, 1998-2009

2002
1.3%
1.6%
1.4%
6.9%
0.8%
18.4%
0.9%
3.3%
0.8%
1.6%
0.6%
2.6%
4.2%
0.5%
5.4%
3.3%
0.8%
4.2%
1.6%
5.3%
3.6%
4.3%
1.2%
4.3%
4.1%
2.5%
0.7%
1.6%
12.2%

2004
0.8%
1.1%
1.2%
9.9%
0.3%
21.3%
1.4%
3.2%
0.9%
2.4%
0.6%
2.2%
3.6%
0.2%
5.3%
3.4%
0.9%
3.7%
1.4%
4.9%
3.6%
6.6%
1.3%
4.2%
2.5%
2.6%
1.0%
1.3%
8.2%

2007
1.7%
1.4%
1.6%
7.0%
0.8%
15.8%
1.6%
2.9%
0.9%
1.5%
0.8%
3.2%
5.7%
0.4%
5.4%
3.9%
1.0%
3.9%
1.6%
5.1%
3.4%
5.7%
1.7%
5.0%
3.1%
2.8%
0.7%
1.4%
9.7%

2009
1.9%
1.4%
1.7%
7.1%
0.7%
15.6%
1.7%
2.8%
0.9%
1.5%
0.8%
3.8%
5.8%
0.4%
5.3%
3.7%
1.1%
4.0%
1.5%
5.1%
3.4%
5.6%
1.6%
5.1%
3.3%
3.2%
0.9%
1.4%
8.6%

Figure 1. Selected Items as a Share of Total

Construction Costs

Framing and Trusses

Windows

20.2%

21.3%

18.4%

15.8%

15.6%

3.8%

3.3%

3.2%

2.9%

2.8%

1998

2002

2004

2007

2009

Source: NAHB Construction Cost Surveys

Figure 2. Selected Items as a Share of Total

Construction Costs
5.8%

5.7%

Roof Shingles

Siding
4.3%

4.2%
3.8%

3.6%
3.2%
2.6%

2.6%

2.2%

1998

2002

2004

2007

2009

Source: NAHB Construction Cost Surveys

Figure 3. Selected Items as a Share of Total

Construction Costs
Building Permit Fees
Water and Sewer Insp.
Landscaping and Sodding

2.8%
2.6%

2.5%

1.9%

1.8%
1.3% 1.4%
0.9%

1.0%

1998

3.2%

1.7% 1.6%

1.7%

2007

2009

1.2%
0.8%

2002

Source: NAHB Construction Cost Surveys

2004