Single-family home construction costs are at the highest levels since 1998, according to a new report by the National Association of Home Builders.
Costs were significantly higher in 2013 when compared to 2011 average construction costs—$246,453 in 2013 versus $184,125 in 2011. Report: Home Prices End Year Strong: According to the company’s index, home prices nationwide (including distressed sales) increased 11.8 percent in November compared to the year prior. On a monthly basis, prices moved more or less sideways, coming up an estimated 0.1 percent from October’s revised numbers. read more
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