Turner’s First Quarter Building Cost Index: Construction Cost Escalation Continues to be Fueled by Volatility in Material and Labor Markets
First 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 1255. This represents a 2.03% quarterly increase from the Fourth Quarter 2021 and a 7.08% yearly increase from the First Quarter 2021.
Quarter | Index | % Change |
---|---|---|
1st Quarter 2022 | 1255 | 2.03 |
4th Quarter 2021 | 1230 | 1.91 |
3rd Quarter 2021 | 1207 | 1.68 |
2nd Quarter 2021 | 1187 | 1.28 |
Base year: 1967, index 100
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