REALTORMag
When comparing single-family homes started last year by region, the median price per square foot can vary quite a bit.
For example, contractor-built homes in the Pacific division price per square foot averaged $168 while speculatively built homes in the East South Central division averaged $78 per square foot.
“At $168 per square foot, new contractor-built single-family homes in Pacific are the most expensive to build exceeding the national average of $105 per square foot by 60 percent,” notes the National Association of Home Builders on its Eye on Housing blog. The price per square foot excludes the cost of developed land.
