The average cost of building a single-family home in 2013 was $246,453. This number is based on the average square footage of 2,607 for a single-family home, according to the National Association of Home Builders. The cost varies depending on location, labor costs, building materials and necessary permits for construction.
In 2013, a more accurate breakdown of construction costs for the average single-family home was developed, the National Association of Home Builders explains. This was done by listing the necessary costs of each step of construction, including framing, foundation work and exterior finish. However, the average cost should not be used as a general rule in deciding the cost of new construction. To get an accurate cost of building a single-family home, contact specific companies to get a detailed quote.