Turner’s Fourth Quarter Building Cost Index: Material Price Increases Slowing in the Construction Industry
Fourth Quarter 2022 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—had increased to the value of 1332. This represents a 1.6% quarterly increase from the Third Quarter 2022 and an 8.29% yearly increase from the Fourth Quarter 2021.
Quarter | Index | % Change |
---|---|---|
4th Quarter 2022 | 1332 | 1.60 |
3rd Quarter 2022 | 1311 | 2.18 |
2nd Quarter 2022 | 1283 | 2.23 |
1st Quarter 2022 | 1255 | 2.03 |
Base year: 1967, index 100
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