According to Turner Construction Company’s quarterly Building Cost Index, construction activity during the Fourth Quarter 2018 has remained at a high level across the United States. Turner Construction Company announced that the Fourth Quarter 2018 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1120. This represents a 1.36 percent quarterly increase and 5.86 percent yearly increase from the Third Quarter 2018 and Fourth Quarter 2017, respectively. “For the Fourth Quarter, the escalation on raw and fabricated materials continue,” said Attilio Rivetti, the Turner vice president responsible for … Read more
First Quarter Building Cost Index Reflects Strong Market Conditions
The First Quarter 2017 Turner Building Cost Index—which measures costs in the nonresidential building construction market in the United States—has increased to a value of 1,019. This represents a 1.29 percent quarterly increase from the Fourth Quarter 2016 and a 5.05 percent yearly increase from the First Quarter 2016. As the market appears to continue its upward trend, the availability of skilled labor continues to influence the decision making of subcontractors, who are maintaining a selective approach to pursuits so as not to become overburdened. Additionally, while material delivery lead times have been relatively consistent throughout the last few quarters and … Read more
Turner’s Fourth Quarter Building Cost Index Reflects Strong Market Conditions
NEW YORK, N.Y. – Turner Construction Company’s Fourth Quarter 2016 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1006. This represents a 1.11 percent quarterly increase from the Third Quarter 2016 and a 4.90 percent yearly increase from the Fourth Quarter 2015. The United States construction market continues to experience broad growth, with the West and Southeast regions seeing more significant gains, and the Northeast and Central regions seeing more moderate gains. Additionally, while raw material prices have remained flat, they have experienced an overall gain this … Read more