flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

The Turner Corp. projects slight increase

The Turner Corp. projects slight increase


By Staff | August 11, 2010

Dallas-based contractor The Turner Corp. today projected that construction costs in the first quarter of 2002 will increase .16 percent from the fourth quarter of 2001. According to the Turner Building Cost Index, the first quarter 2002 index will increase to 617, one point above the fourth quarter 2001 figure and 1.31 percent above the first quarter 2001 index of 609.

According to Karl F. Almstead, the Turner vice president responsible for the Building Cost Index: 'The large metropolitan markets continue to be busy. The projected reduction in market activity seems to have had a greater effect on pricing in smaller metropolitan areas. The cost of labor continues to increase slightly and material pricing has stabilized.'

Turner has made its quarterly forecast for more than 50 years. Used widely by the construction industry and Federal and State governments, the building costs and price trends tracked by the Turner Building Cost Index may or may not reflect regional conditions in any given quarter. The Cost Index is determined by several factors considered on a nationwide basis-labor rates and productivity, material prices, and the competitive condition of the marketplace.

boombox1
boombox2
native1
halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021