In 2022, urban Honolulu had the highest average construction value for new homes of all the metropolitan areas in the United States. A new housing unit authorized in urban Honolulu had an average construction value of nearly 347 thousand U.S. dollars. Milwaukee-Waukesha followed closely behind. In contrast, New York-Newark-Jersey City exhibited the lowest average construction value, amounting to approximately 168 thousand U.S. dollars. San Antonio-New Braunfels, Richmond, and Philadelphia-Camden-Wilmington were some other metropolitan areas that offered relatively low construction costs.
Average construction value per new housing unit authorized in the large metropolitan areas in the United States in 2022
(in 1,000 U.S. dollars)
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Construction Coverage. (March 7, 2023). Average construction value per new housing unit authorized in the large metropolitan areas in the United States in 2022 (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1419218/usa-average-new-home-construction-value-states/
Construction Coverage. "Average construction value per new housing unit authorized in the large metropolitan areas in the United States in 2022 (in 1,000 U.S. dollars)." Chart. March 7, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1419218/usa-average-new-home-construction-value-states/
Construction Coverage. (2023). Average construction value per new housing unit authorized in the large metropolitan areas in the United States in 2022 (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1419218/usa-average-new-home-construction-value-states/
Construction Coverage. "Average Construction Value per New Housing Unit Authorized in The Large Metropolitan Areas in The United States in 2022 (in 1,000 U.S. Dollars)." Statista, Statista Inc., 7 Mar 2023, https://www.statista.com/statistics/1419218/usa-average-new-home-construction-value-states/
Construction Coverage, Average construction value per new housing unit authorized in the large metropolitan areas in the United States in 2022 (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/1419218/usa-average-new-home-construction-value-states/ (last visited November 23, 2024)
Average construction value per new housing unit authorized in the large metropolitan areas in the United States in 2022 (in 1,000 U.S. dollars) [Graph], Construction Coverage, March 7, 2023. [Online]. Available: https://www.statista.com/statistics/1419218/usa-average-new-home-construction-value-states/
