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.
According to student support organization College Board, published tuition fees for 2014/15 at state colleges are an average of US$9,139 for state residents, and $22,958 for everyone else. This compares to an average of $31,231 at private non-profit colleges.The cheapest options of all, however, are public-sector two-year colleges â also known as community, technical or city colleges â where average fees for 2014/15 are just $3,347.or instance, the University of Michigan (the highest-ranked public US university in the QS World University Rankings Â®) estimates fees for new out-of-state students in 2014/15 at $41,906, plus $10,246 for room and board, and $1,048 for books and study supplies.