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.
How much is it? Community college can cost as little as $20 per credit hour or as much as $200 per credit hour. Since most classes are three credits, and most colleges consider 15 credits full time, this results in a per-semester price of about $300-$3000. This translates to a cost of $600-$6000 per year if attending both fall and winter semesters full time.