Turner Construction Company announced the Third Quarter 2022 Turner Building Cost Index — which measures costs in the nonresidential building construction market in the United States — had increased to the value of 1311. This represents a 2.18% quarterly increase from second quarter 2022 and an 8.62% yearly increase from third quarter 2021. “We are experiencing a robust market with numerous mega-jobs. A shortage of skilled labor continues to lead contractors to be more selective in the projects they pursue. Wages are increasing to attract more labor into the industry and to incentivize skilled labor to travel to meet project … Read more