On average, it’ll cost $308,269 to build a house, or between $165,470 and $477,607.Spending an average $100 to $200 per square foot means a 2,800 square foot home costs $280,000 to $560,000 to build.
Home » Topics » Construction Economics » 2020. Turner Building Cost Index Quarter 4th Quarter 2019 3rd Quarter 2019 2nd Quarter 2019 1st Quarter 2019 Index 1177 1162 1149 1135 % 1.29 1.13 1.23 1.34 Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 Average Index 1156 1096 1038 989 943 902 864 830 812 799 832 908 854 % 5.5 5.6 5.0 4.8 4.5 4.4 4.1 2.1 1.6-4.0-8.4 6.3 7.7
U.S. Construction Costs per Square Foot Christa Garcia 2020-03-24T10:32:04-07:00 An in-depth look at construction costs per square foot in the United States.
Cost Index. Fourth Quarter 2019 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1177.
Cost to Build a House. 2019 Commercial Construction Costs Per Square Foot The 2019 project costs are broken down into 28 categories or building types for ease of use. Due to the numerous variables involved with commercial buildings, price figures and construction costs for the average code per square foot differ a great deal from state to state across the United States. Note:The city cost indexes for Canada can be used to convert U.S. national averages to local costs in Canadian dollars. Overall Construction Cost Index Q4 2019. International Construction Costs 2020 Rethinking Resilience. Custom and luxury homes cost $200 to $500 per square foot.Labor makes up roughly 40% of your build cost, with permits, design fees and materials making up the rest. (JANUARY 2009 = 100) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 85 90 95 100 105 110 115 120 125 130 135 140 145 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 National Chicago Denver Milwaukee Minneapolis Phoenix Portland Seattle.
2020 Subscribe ENR’s 20-city average cost indexes, wages and material prices from 2020. Taking into consideration the elements of design, architecture, construction, furniture, fixtures, IT implementation and more, the average cost to build out an office is $196.49 per square foot.
Included within each category are architectural, mechanical, electrical, plumbing and total costs. ... this year’s ICC Index shows the relative costs of construction for 100 of the world’s cities.
This represents a 1.29% quarterly increase from the third quarter of 2019 and a 4.84% annual increase from the fourth quarter of 2018, respectively. To estimate the national average construction cost of a building in 1970, knowing that it cost $900,000 in 2020: INDEX in 1970 = 28.7 INDEX in 2020 = 239.1.