Turner Construction Company announced the fourth quarter 2021 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—had increased to the value of 1230. This represents a 1.91% quarterly increase from the third quarter 2021 and a 5.04% yearly increase from the fourth quarter 2020. “While some material prices appear to show signs of leveling, there is continual escalation in steel, copper and aluminum prices. In addition, the supply chain disruptions have continued at unprecedented levels. With subcontractor backlog returning to pre-pandemic levels and skilled labor shortages persisting, competitiveness by vendors and subcontractors appears … Read more

Turner Construction Company announced that the Fourth Quarter 2019 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1177. This represents a 1.29% quarterly increase from the third quarter of 2019 and a 4.84% annual increase from the fourth quarter of 2018, respectively. “We continue to see the national construction market fairly busy with several large projects starting in the fourth quarter,” said Attilio Rivetti, the Turner vice president responsible for compiling the cost index. Attilio continued, “Raw material costs in the fourth quarter of 2019 have been … Read more