No, or maybe, depends on where you live. You can build the plot of land from the city where I live for the equivalent of USD60.000, maybe 75.000. This is in a nice suburb, close to the highway (but not to close), there a busses, railroad is close and you have easy access to an airport, daycare, schools and shopping. Building an average home is at least USD200.000 and most would probably spend closer to 300.000. Houses are expensive because materials are expensive and labor is crazy expensive.
Unless you want to build in very specific spots the house is almost always going to be more expensive than the land it sits on.
