So how much does it cost to build a new home? A lot more than it did compared to just a couple of years ago. In 2022, the construction cost of the typical new single-family home was $392,241, according to the National Association of Home Builders.

If you’re looking to move but haven’t found the perfect home — or you’re balking at the current market’s high prices — you might be wondering what it would take to build a brand-new home of your own. Building a house can be as expensive as ...

The new tariffs on imported timber, lumber, kitchen cabinets and furniture "will create additional headwinds for an already challenged housing market by further raising construction and renovation costs," Buddy Hughes, chairman for the National Association of Home Builders, said in a statement.

Trump has frequently played up his builder bona fides – and slammed others for their lack of expertise and for cost overruns on projects.

It will take most of a decade for the housing gap to close. Is it worth building your own home, or is it too expensive a project for prospective homeowners?