If you’re looking for the culprit behind the rising costs of new home construction, look no further than lot prices, which rose so fast that they outpaced inflation in 2018. That’s according to a new report from the National Association of Home Builders, which said the average lot price that year reached $49,500, a record
Single-family home lot prices are getting more expensive
September 12, 2018 by
Building lots might be getting smaller, but they’re also being sold at more expensive prices, according to data from the U.S. Census Bureau’s latest Survey of Construction.
