Construction Costs Increase as Markets Remain Active
NEW YORK/ JANUARY 11, 2019 (STL.News)
Turner Construction Company announced that the Fourth Quarter 2018 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1120. This represents a 1.36% quarterly increase and 5.86% yearly increase from the Third Quarter 2018 and Fourth Quarter 2017, respectively.
“For the Fourth Quarter, the escalation on raw and fabricated materials continue,” said Attilio Rivetti, the Turner vice president responsible for compiling the Cost Index.