new residential construction prices

Built in 2021, terrible time price and labor wise, still got whatever my wife wanted finishes wise and spent 190sqft.

We already owned the lot, so the 190 doesn’t factor in that cost, but we did put in an outdoor kitchen which is included in the 190.

Just a general idea, no clue what it’s like today. We did get lucky with interest rates, so be sure to factor in the higher rates when you’re budgeting for the mortgage.

Mine was 180/sf and I dont think that included the sod/landscaping and driveway.

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We are planning to build in the next year or so. We own the land in full.

Have construction costs come down much since the COVID peaks? Is 175sqft a reasonable range if we aren't going all out on finishes?

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I had friends that were trying to build new construction in late 2020/early 2021 and they eventually backed out midway through. Idk what the rules are regarding it, but their issue was that the original quoted price went up $75k in a matter of weeks because of material prices (wood was insanely expensive). I couldn't imagine a builder telling me "hey you need to pay more now because it got expensive oopsie" and not have an agreed to price on construction. This was being done in one of those larger developments near University Club.

But yeah, as as everyone else is stating, your biggest issue would be the interest rate right now. Absolute bananas.

165 - 175 per sq ft unless you can find someone with zero inventory. The ones with inventory are still selling inflated material prices

Built in Broussard last year. 2861 sft living. 4900 sft under roof. (3 car garages, huge patio with kitchen and driveway. No landscaping or grass. Price was $198 sft. Pretty nice house with no real corners cut (no clay ridge roof capping or tankless water heaters)