In Chicago and suburbs cost to build a new construction single family home varies depending on the type of building, materials, and amenities. It costs <b style=”background-color: var(–bb-content-background-color); font-family: inherit; font-size: inherit; color: var(–bb-body-text-color);”>$212 per square foot to build a house in metro Chicago area and suburbs. However, home-building costs depend on several other factors. These include property type, construction area, labor costs, and material costs. Material costs have been rapidly rising due to skyrocketing inflation and demand for construction materials. Land costs depends widely. Therefore, to build a two thousand square feet home would cost $424,000 plus the cost of land.