Turner Construction Company has released its Third Quarter 2015 Turner Building Cost Index — which measures costs in the non-residential building construction market in the United States. The value has increased to 949, which reflects a 1.17 percent increase from second quarter 2015 and a 4.52 percent yearly increase from third quarter 2014. Reduced cost of fuel and manufactured components was offset by a continued increase in construction activity which drove an overall increase of costs in the third quarter. While the South and Northeast have seen steady growth in activity similar to that of the first two quarters of … Read more

Construction spending in August reached a seven-year high and climbed at the fastest rate since 2006, according to a recently analysis by the Associated General Contractors of America. Association officials noted that growing demand for construction was likely to add to the challenges many firms are having finding qualified workers. “There were widespread monthly and year-over-year gains in August for all major construction categories—private nonresidential, residential and public,” said Ken Simonson, the association’s chief economist. “Activity in all three categories has been accelerating recently and should continue rising into 2016—if contractors can find enough workers with the right skills to … Read more