3 ms·

Is construction labor really a big factor in the final selling or rental price of a home?

• remus 4y ago
  Apparently labour is ~35% of the cost of a house [1] though I imagine this varies a lot depending on the house being built, type of construction, location etc. Still, seems safe to assume labour is a large part of the cost. [1] https://www.homebuilding.co.uk/advice/how-much-does-it-cost-to-build-a-house https://www.homebuilding.co.uk/advice/how-much-does-it-cost-...
  • pcthrowaway 4y ago
    Yeah, I would think in a city with a runaway housing market (like Vancouver), it's more like 5%
    • rdtwo 4y ago
      Idk labor rates have also run away
  • coldtea 4y ago
    >Still, seems safe to assume labour is a large part of the cost. Does it? I've read time and again that land is the largest part of the cost - in any place where cost is significant.
    • remus 4y ago
      Just to clarify, Im saying labor is a large part of the cost, not necessarily the largest. I agree land is probably a bigger cost in a lot of areas.