North America’s Largest Woodworking Event | Tuesday–Friday | August 6–9, 2024

#IWFmorefor24

Industry & Trends

Wood-Related Materials and Labor Make Up 30% of a New Home Cost

Close to one-third of the cost of building a new single-family home in America involves framing, flooring and other wood materials.

Wood materials remain the single largest cost for new single-family homes in the country according to a new study from the National Association of Home Builders. The report is based on the association’s annual construction cost survey and covers the 2022 building year.

Fast Company, in reporting the findings, found that total construction costs for the average single-family home included in the survey was $392,241. The average sale price of these homes was $644,750.

The largest expenditure in home construction was for framing, including roofs: $60,831, or 15.51 percent of the total cost. Excavation work, electrical, plumbing, HVAC and exterior wall finish (which might or might not include the use of wood and is not used in the total here) followed and together accounted for about a third of all construction costs.

Several of the next categories were all wood related: cabinets and countertops, $17,775, 4.53 percent; windows and doors (including garage doors), $13,158, 3.35 percent; flooring, $13,019, 3.32 percent; interior trims, doors and mirrors, $12,727, 3.24 percent; roofing if not included above, $11,496, 2.93 percent; and trusses if not included above, $11,479, 2.93 percent.

Other incidentals that might be related to the use of wood in home construction, like architectural and engineering fees and paint and finishing are not included in the overall wood total. Nor are things like permits and any impact studies that might be required in new construction.

BACK TO NEWS

More Industry & Trend News

  • Renovate Rather than Buy: American Homeowners

    May 22, 2024

  • New Energy Star NextGen Program Debuts

    May 22, 2024

  • Saving One Trillion Trees Isn’t as Easy as It Sounds

    May 22, 2024

Register to Attend

Be part of North America’s largest woodworking show and conference.

Register Now

Apply to Exhibit

Grow your business at the premier global woodworking trade show.

Exhibit at IWF 2024

Show Hours & Location

International Woodworking Fair
Tuesday–Friday
August 6–9, 2024

Tuesday–Thursday
8:30 AM–5:00 PM*
Friday
8:30 AM–2:00 PM*

*Building A opens 7:30 AM Tue-Fri

Georgia World Congress Center
285 Andrew Young International Blvd
Atlanta, GA 30313

Get Industry News & IWF Updates

Subscribe to IWF Network News.

Subscribe Now

Terms & Privacy Policy

© 2020 International Woodworking Fair, LLC Terms of Use & Privacy Policy

3520 Piedmont Rd NE #350, Atlanta GA 30305 | (404) 693-8333

 

Have questions about IWF? Check out our new AI chatbot and get info fast!

To get started, set your chat preference. Then click on the chat bar that appears in the lower right corner. Are you an Attendee or an Exhibitor?

Attendee Exhibitor

No Thanks

IWF 2024 Add to Calendar

Sync IWF 2024 with your favorite calendar program.

Notification Message

loading … please wait

Have Questions?

First let’s set your chat preference. Then, just click on the chat bar that appears. Are you an Attendee or an Exhibitor?

Attendee Exhibitor