Building Costs Per Square Foot in the State of New York, USA – 2024

Newly built 3 bedroom home (size 2100 sqft) on 2047 Batter Street, Pattersonville, New York

Built in 2021 Newly built 3 bedroom home (size 2100 sqft) on 2047 Batter Street, Pattersonville, New York – Price $499,900

As of 2024, building costs in the state of New York are 6% above the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of New York, USA

  • Class 1 – Luxury Homes – $433.15 to $644.55 per sqft
  • Class 2 – Semi Luxury Homes – $263.26 to $391.72 per sqft
  • Class 3 – Best Standard Homes – $170.05 to $250.91 per sqft
  • Class 4 – Good Standard Homes – $124.19 to $184.87 per sqft
  • Class 5 – Average Standard Homes – $100.81 to $149.87 per sqft
  • Class 6 – Minimum Standard  Homes – $79.53 to $118.31 per sqft
New York Single Family Houses 2024 Building Costs

New York Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of New York, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $150.65 to $170.54 per sqft
  • Good Quality Housing – $127.33 to $150.47 per sqft
  • Average Quality Housing – $103.68 to $131.04 per sqft
  • Low Average Quality Housing – $87.95 to $114.17 per sqft
  • Lowest Quality Housing – $75.72 to $101 per sqft

 

New York Manufactured Housing 2024 Building Costs

New York Manufactured Housing 2024 Building Costs

2020 Building Costs Per Square Foot in the State of New York, USA

  • Cumming Report New York 2021 – Construction Market Analysis – Third Quarter

  • New York City Construction Spending 2000 to 2020 – Report by the New York State Comptroller Office.

  • New York City – Global Cost Comparison (New York Building Congress Report 2018)

  • New Building Filings in New York 2008 to 2020 (REBNY)

  • New York Construction Costs Per Square Foot 2021 – Rider Levett Bucknall (RLB) Report

  • Building Costs Per Square Foot in the State of New York for Luxury, Semi-Luxury, Best Standard, Good Standard, Average Standard and Minimum Standard Homes Single Family Homes

  • List of 22 Metropolitan Areas/Cities in New York – Percentage Deviation of the City/Town Building Cost from the National Average ($X), in Descending Order:

  • Cheapest and Most Expensive Places To Build in New York.

Building costs in New York are 6% more than the national average, higher than 42 states in the USA and closer to Texas by 1%. Traditionally, New York is the most expensive city to build in the USA due to a sustained construction boom that took off in 2007, spanning over a decade of a 38% price increase culminating in 2018 and continuing. Commercial buildings for office space, retail and the hospital industry as well as the city’s demand for upmarket multi-dwelling units are the major drivers of increasing costs. Infrastructural development projects also add to the composite cost index. Office building costs including renovations and alterations increase at a much faster rate than other categories in New York.

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