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.
It's all too easy to be a victim of student debt. According to the College Board, the average price of tuition, fees, and room and board for an in-state student at a public college or university is $18,943 for the 2014-2015 school year.or out-of-state students, average costs jump to $32,762, while private nonprofit colleges charged $42,419 on average for a single year of education.