There are many advantages to building a new home including lower electric bills and no costly repairs in the near future, so it’s no surprise that more than one million new residences are projected to go up this year in the US. But how much does it cost to build a house?
According to data from the National Association of Home Builders, the median price of constructing a single-family home in 2015 was $289,415, or $103 per square foot. And according to the U.S. Census, the median size of a newly built single-family house in 2015 was 2,467 square feet.
