New home construction costs are around 60% for labor + materials, with the rest associated with finishing the lot (17.8%), general overhead (5.1%), sales commis

New home construction costs are around 60% for labor + materials, with the rest associated with finishing the lot (17.8%), general overhead (5.1%), sales commission (3.6%), financing costs (1.9%), marketing costs (0.7%), and profit (10.1%).[0] IIRC construction costs are then split 40-50% labor and 50-60% material. So labor is roughly 24-30% of the overall cost. [0] https://www.nahb.org/blog/2023/03/60-percent-of-home-sales-price-goes-to-construction-costs https://www.nahb.org/blog/2023/03/60-percent-of-home-sales-p...