Which accounting assumption assumes that all accounting information is reported monthly or yearly? By definition the time period assumption presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepareâ¦d for those periods. Answer is Time period assumption. 1 person found this useful.
Average new home construction costs are approximately $100 per square foot. State averages range from $75 to $130 dollars. These figures are somewhat deceptive though, as are all averages. Obviously as with all averages, some cost a lot more and some cost a lot less.
If I told you that the national average cost for labor and materials to build a new house is $103.33 per square foot does that encourage you to build your own? I certainly hope so, for it is always a good time to build your own home. Of course land is not included in the $103.33. (Source: Economics and Housing Policy, National Association of Home Builders) Keep in mind that $103.33 is an average cost to build a new home.