MINNEAPOLIS, Minn. — Mortenson Construction recently released its quarterly Construction Cost Index report for Minneapolis – St. Paul, Minnesota, along with five other metropolitan areas in the U.S. According to the report, building owners should anticipate nonresidential construction costs to increase 3- 4 percent on average in the coming year with most markets reporting robust activity and healthy employment. While the rate of growth in construction employment has plateaued in many of the markets tracked, nonresidential construction activity is considered healthy according to data from the Bureau of Labor Statistics. The Mortenson Construction Cost Index also tracks building component trends … Read more