Cost Index
Growth in Construction Activity and Equipment and Material Price Increases Boosts Construction Costs
Slight Increases in Labor Rates Contribute to Overall Lift in Construction Costs
Turner Construction Company announced that the First Quarter 2013 Turner Building Cost Index – which measures costs in the non-residential building construction market in the United States – has increased to a value of 849. This reflects a 1.19% increase from the Fourth Quarter 2012 and a 3.41% increase from the First Quarter 2012.
| Quarter | Index | % Change |
|---|---|---|
| 1st Quarter 2013 | 849 | 1.19 |
| 4th Quarter 2012 | 839 | 0.84 |
| 3rd Quarter 2012 |
832 | 0.73 |
| 2nd Quarter 2012 |
826 | 0.61 |
Base year: 1967, index 100
Please click below to download the Building Cost Index
First Quarter 2013
Fourth Quarter 2012
Third Quarter 2012
Second Quarter 2012
First Quarter 2012
Fourth Quarter 2011
Fourth Quarter 2010
Fourth Quarter 2009
Fourth Quarter 2008
Fourth Quarter 2007
Fourth Quarter 2006
Turner has prepared the construction cost forecast for more than 80 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, including labor rates and productivity, material prices and the competitive condition of the marketplace. This index does not necessarily conform to other published indices because others do not generally take all of these factors into account.