1996–2001 Ohio and US Construction Costs

The cost of housing continues to rise, partly because of the market price of a home and partly because of the increase in home construction costs. To the right are average percentage changes for construction costs in Ohio and the US. As an example, a residential home built in 1996 for $100,000 in Ohio would cost approximately $110,800 to build in 2001 ($100,000 x 1.108, which is the factor for 10.8%).

Most insurance companies readily include an endorsement on homeowners insurance policies known as “Inflation Guard Protection,” which automatically adjusts each year the amount of insurance coverage provided on a home in accordance with similar construction cost factors.

Note: For US Construction Costs: Study is predicated on the following 20 major pricing areas: Atlanta, Baltimore, Birmingham, Boston, Chicago, Cincinnati, Cleveland, Dallas, Denver, Detroit, Kansas City, Los Angeles, Minneapolis, New Orleans, New York City, Philadelphia, Pittsburgh, St. Louis, San Francisco, and Seattle.

Source: Written permission was granted by the owner of the copyright, Marshall & Swift/Boeckh, Los Angeles, CA, prior to its reproduction in its entirety in this guide
©2001 Marshall & Swift/Boeckh

According to the National Association of Realtors, the number of single female home buyers increased from 10% in 1987 to 18% in 1999. Single women accounted for 22% of the purchases made by rookie buyers, while single men were responsible for only 12%. (Columbus Daily Reporter, 6/21/01)