Sorry price per sq. ft. may be the worst question in real estate! Let me explain and break it down for you as there are many components and there is no standard formula for what goes into price per sq. ft. since everyone makes their own personal deal when building a new home.
Example 300,000 home @ 2400 sq. ft.:
Materials and labor: 170,000
Building lot: 60,000
Bank fees: 3,000 (for construction loan)
Loan fees: 3,000 (end loan)
City Permit and impact fees: 10,000
Developer fees: 3,000
Real estate fees: 18,000
Builder profit: 30,000
Builder overhead: 3,000
Other factors out of pocket expenses such as upgrades did they go towards the overall picture? What if a person is paying cash then there are fewer expenses, some people build their own home, some do not use a RealtorÂ® and the list goes on and on.