Construction Costs on the Rise?

Many people think it's cheaper and more cost effective to remodel the home they have rather than building a new home from scratch. This may or may not be the case depending on the repairs you make.

According to the National Association of Home Builders, this is how construction costs have changed over the past 6 years:

Framing and Trusses: $27,887 vs. $34,600

Insulation: $2,387 vs. $3,471

Drywall: $8,047 vs. $11,185

Stairs: $863 vs. $1,674

Tiles and Carpets: $6,506 vs. $11,058

Plumbing $8,229 vs. $11,753

Siding: $6,411 vs. $12,476

Exterior Door: $1,143 vs. $2,080

Foundation: $10,512 vs. $15,249

Cabinets and Countertops: $6.568 vs. $12,477

Electrical Wiring: $5,011 vs. $8,457

Windows: $4,966 vs. $6,322

Roof Shingles: $3,941 vs. $7,070

Total Construction Cost: $151,671 vs. $219,051