Nonresidential Construction Input Prices Soar 21% From April 2021 to Last Month

  • Posted on

Prices of materials and services used in new nonresidential construction leaped nearly 21% in April from year-ago levels, according to an analysis by the Associated General Contractors of America of government data. The association urged the Biden administration to provide relief to hard-hit employers by ending tariffs on key construction materials and reconsidering its recently proposed buy America regulations that will make it harder for firms to find and pay for key construction materials.   “Nonresidential contractors have endured 12 months of 20% increases in the cost of items they need to build projects,” said Ken Simonson, the association’s chief … Read more

Filed under: Economic NewsTagged with: ,

Turner’s Second Quarter Building Cost Index Reflects Busy Construction Market

  • Posted on

Turner Construction Company announced that the Second 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 1031. This represents a 1.18 percent quarterly increase from the first quarter 2017 and a 4.88 percent yearly increase from the second quarter 2016. The second quarter has seen relatively consistent cost increases across the country, with raw material prices continuing to make moderate gains – particularly among aluminum materials. Engineered products have also seen moderate gains. Additionally, fuel costs have remained relatively flat, having little effect on costs. “The … Read more

Filed under: Economic NewsTagged with: ,

Building Cost Index Reflects Construction Activity Increase

  • Posted on

Turner Construction Company announced that the Fourth Quarter 2015 Turner Building Cost Index – which measures costs in the nonresidential building construction market in the United States – has increased to a value of 959. This reflects a 1.05 percent increase from the Third Quarter 2015 and a 4.58 percent yearly increase from the Fourth Quarter 2014. Overall construction activity remained stable through the Fourth Quarter, with slight increases in the West, and greater increases in the South and Southeast. The reduced cost of fuel is offsetting most material cost increases and fluctuations. “The high volume of work underway continues … Read more

Filed under: eNewsTagged with: , ,