Contractors are receiving price hike notices on several key inputs, complicating efforts to plan and budget new projects.

Total construction costs for the average single-family home included in the survey was $392,241. The pie chart below breaks out those costs for the average home. The NAHB broke down the costs of ...

Homebuilders have reported that suppliers have increased material costs by an average of 6.3 percent following President Donald Trump's tariffs.

The goods component makes up the larger portion of the total index at 60%. Month-over-month, the price of input goods to new residential construction was up 0.5%. Growing by 0.8% month-over-month and ...

Construction prices have climbed for the third straight month in March, the first time this has happened since September 2023.

However, rising construction costs fueled by tariffs and persistent labor shortages have cast a shadow over the recovery, as permits for future single-family projects fell for the second straight ...