Median and Average Contract Price per Square Foot of New Contractor-Built One-Family Houses Started by Location
(Contract price excludes value of improved lot. Medians and averages computed from unrounded figures.)
Year 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 RSE
United States $43.40 $45.00 $46.85 $49.25 $50.40 $53.33 $56.74 $59.09 $61.50 $63.92 $66.11 $69.18 $68.99 $70.78 $74.97 $74.79 $76.28 $81.41 $88.11 $90.24 $91.76 $92.52 3
Median contract price per square foot Region Inside Outside NorthMSAs MSAs east Midwest $46.30 $47.65 $48.35 $51.95 $52.70 $55.00 $59.21 $61.20 $63.97 $65.32 $68.75 $72.92 $71.01 $72.97 $77.23 $75.91 $79.44 $82.90 $86.40 $91.77 $93.40 $94.25 4 $38.70 $41.00 $44.50 $45.00 $46.20 $50.07 $51.70 $54.72 $57.14 $61.39 $61.25 $62.83 $65.71 $67.16 $70.61 $72.04 $71.57 $79.09 $90.15 $87.34 $84.71 $89.51 4 $52.55 $51.30 $54.00 $60.20 $57.50 $57.26 $65.60 $66.89 $69.87 $65.93 $70.12 $75.00 $71.73 $72.00 $76.43 $81.23 $86.86 $89.49 $103.24 $99.48 $105.30 $103.66 5 $45.15 $47.15 $47.80 $50.05 $53.55 $54.17 $60.34 $60.06 $61.90 $65.22 $66.06 $69.44 $67.76 $71.29 $73.37 $76.21 $80.13 $85.79 $88.68 $90.17 $92.74 $91.75 6
South $39.70 $42.30 $43.55 $43.70 $45.60 $48.41 $50.00 $53.43 $56.25 $59.90 $62.50 $64.33 $65.31 $66.98 $71.05 $67.22 $67.05 $71.79 $76.08 $80.93 $81.10 $86.20 3
West $45.85 $46.55 $50.70 $54.95 $55.80 $59.12 $63.72 $68.75 $69.52 $73.78 $70.00 $79.40 $79.44 $84.07 $91.48 $87.52 $89.50 $95.49 $107.16 $110.02 $122.38 $121.46 8
United States $48.40 $49.90 $52.40 $55.45 $55.15 $56.16 $59.22 $62.46 $64.85 $66.28 $69.18 $73.02 $72.36 $75.57 $79.90 $78.30 $82.16 $88.84 $95.25 $98.44 $101.59 $103.89 3
Average contract price per square foot Region Inside Outside NorthMSAs MSAs east Midwest $51.35 $53.05 $54.35 $59.60 $57.05 $57.92 $61.65 $64.90 $67.21 $67.86 $72.74 $77.12 $75.52 $79.07 $82.94 $80.23 $85.69 $92.54 $94.96 $99.97 $104.65 $104.37 3 $42.10 $44.30 $48.60 $48.15 $51.20 $53.23 $54.71 $58.09 $60.95 $63.38 $63.26 $65.75 $67.42 $70.46 $75.00 $75.74 $77.81 $84.65 $95.79 $95.30 $95.46 $102.90 6 $59.50 $56.75 $60.20 $67.25 $62.75 $61.60 $67.67 $71.40 $72.35 $72.08 $76.12 $78.84 $78.23 $79.44 $82.51 $87.41 $92.19 $95.50 $110.16 $111.81 $121.32 $120.94 6 $47.60 $49.05 $52.25 $53.75 $55.60 $56.29 $61.28 $63.12 $64.00 $67.00 $67.82 $71.03 $71.33 $74.90 $76.14 $77.18 $83.29 $90.17 $89.11 $89.72 $94.97 $96.43 5
South $44.35 $46.70 $48.60 $19.30 $50.35 $51.19 $52.83 $56.84 $61.01 $61.66 $65.23 $67.38 $66.96 $68.77 $74.78 $71.38 $73.44 $79.73 $83.01 $89.27 $89.17 $91.80 4
West $53.25 $55.80 $57.60 $66.75 $61.15 $63.98 $67.21 $72.02 $74.40 $78.12 $78.15 $86.91 $85.98 $94.75 $102.76 $94.52 $97.84 $107.72 $123.43 $123.58 $131.70 $137.47 7
RSE Relative Standard Error. Note: Data for 1992 through 2001 have been recomputed using a revised tabulation methodology. Beginning with the data for 1999, an adjustment for extreme values is made when calculating the average contract price per square foot.