The invention relates to a support structure and a construction method of a cantilever plate for a house building project, and belongs to the field of cantilever plate construction. The support structure comprises wall-through screws and a bracing frame, the bracing frame comprises a carrying rack arranged horizontally and two fixed rods arranged vertically, the upper ends of the fixed rods are connected to the carrying rack, the side, far from the wall, of each fixed rod is vertically provided with a chute, the fixed rod is fixedly provided with ratchet bars at positions corresponding to thetwo sides of the chute, one end of each wall-through screw penetrates the chute, the fixed rod is provided with fixed plates corresponding to the ends, penetrating the chutes, of the wall-through screws, the side, far from the wall, of each fixed plate is in transmission connection with a nut which is in threaded connection with a screw, the circumference of the nut is fixedly connected with a ratchet ring, position, corresponding to the upper of the ratchet ring, of the fixed plate is in vertically sliding connection with a ratchet, and the side, close to the wall, of the fixed plate is provided with a ratchet plate whose tooth direction is opposite with that of the ratchet bar. The height of the support structure is convenient to adjust, and the bracing frame is firmly fixed to the wall.