Cost Index

Large Projects Drive Construction Cost Escalation in First Quarter of 2014
Turner’s First Quarter 2014 Building Cost Index Reflects Market Growth and Strong Competition in Non-Residential Construction Market 

Turner Construction Company announced that the First Quarter 2014 Turner Building Cost Index – which measures costs in the non-residential building construction market in the United States – has increased to a value of 885. This reflects a 0.80% increase from the Fourth Quarter 2013 and 4.24% yearly increase from the First Quarter 2013.


Quarter Index   % Change
1st Quarter 2014 885 0.80
4th Quarter 2013 878 1.15
3rd Quarter 2013 
868 1.05
2nd Quarter 2013 
859 1.18

Base year: 1967, index 100

Please click below to download the Building Cost Index

2014

First Quarter 2014




2013


First Quarter 2013

Second Quarter 2013

Third Quarter 2013

Fourth
Quarter
2013

2012

First Quarter 2012
 
Second Quarter 2012
 
Third Quarter 2012

Fourth Quarter 2012



Fourth Quarter Cost Indices from Previous Years


Fourth Quarter 2009

Fourth Quarter 2010


Fourth Quarter 2011

Fourth Quarter 2006

Fourth Quarter 2007

Fourth Quarter 2008


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. 

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