Study Debunks Actual Cost of Brick Homes
RSMeans recently developed a study for the Brick Industry Association.
RSMeans recently developed a study entitled “The Installed Cost of Residential Siding” for the Brick Industry Association (BIA). The October 2015 study compares RSMean’s estimated construction cost of homes with brick veneer over wood framing with stone veneer, fiber cement, wood siding, wood shingles, vinyl siding and cement stucco in major metro areas throughout the U.S.
Nationally, RSMeans reportedly estimates that the average total construction costs of brick wall cladding is just 8% more than vinyl siding, 1-3% more than stucco and wood siding and 4-6% more than wood shingle and fiber cement siding. Moreover, brick is estimated to be 13-15% less than comparable homes with stone veneer. In 11 of 17 major selected U.S. markets, brick’s cost is not only less expensive than stone, it is also less expensive than wood siding.
“The initial cost of a brick home is quite competitive, especially since most homes require less exterior cladding than people think,” said Ray Leonhard, BIA’s president and CEO. “An average 2,700- sq-ft two-story house only needs 2,265 sq ft of cladding material when accounting for windows, doors, etc.”
Leonhard said the unparalleled benefits of brick more than offset the relatively small increase in the initial cost of a new a brick home, including little to no maintenance with no painting required; extreme durability with some 100-year manufacturer warranties; better fire and wind safety; non-fading color and reduced exterior noise with improved energy savings.
The metropolitan areas included in the study were: Atlanta, Ga.; Austin, Texas; Charlotte, N.C.; Chicago, Ill.; Dallas, Texas; Denver, Colo.; Detroit, Mich.; Houston, Texas; Indianapolis, Ind.; Jacksonville, Fla.; Kansas City, Mo.; Louisville, Ky.; Minneapolis, Minn.; the New York City suburbs; Nashville, Tenn.; Raleigh, N.C.; and the Washington, D.C., suburbs.