The total construction cost of a home accounts for 59.3 percent of the sales price in 2011, almost identical to the share of 58.9 percent in 2009. Finished lot costs account for 21.7 percent of the sales price, only slightly higher than the share of 20.3 percent in 2009. Not surprisingly, the share of sales price going to a builderâs profit has dropped from 8.9 percent in 2009 to an all-time low of 6.8 percent in 2011 (see historical comparison in Graph 1).
Obama Budget For Free Community College To Cost $1.4 Billion In 2016, $60 Billion Over Next Decade. U.S. President Barack Obama announced his free community college initiative during a visit to Pellissippi State College in Knoxville, Tennessee, on Jan. 9. Obama's proposed 2016 budget outlines details of the plan, which would likely cost $60 billion over 10 years. Photo: Reuters.
The College Board explains that the average public four-year college student should expect to pay $7,605 in tuition as well as fees for each year of attendance. If the student is not a resident of the state, another $11,990 constitutes the out-of-state tuition charge.Students considering a private college education need to be prepared to dig much deeper into the pockets: the average annual cost for a four-year school is about $27,293 for fees and tuition.f the student is not a resident of the state, another $11,990 constitutes the out-of-state tuition charge. Students considering a private college education need to be prepared to dig much deeper into the pockets: the average annual cost for a four-year school is about $27,293 for fees and tuition.