Land is only worth what you can build on it. The buildable site was 7% of new single-family costs in 2022 in the U.S., including permits, inspections, design, etc.

Construction costs (labor + materials) were 61%, with interior finishes 24% of construction costs, framing 20%, and major systems 18%.

Appliances were under 2%. Margin was 10%.

https://www.nahb.org/-/media/NAHB/news-and-economics/docs/ho...