Cost Index
Turner’s First Quarter Building Cost Index: Building Costs Increases Slow in the First Quarter of 2023, and Availability of Skilled Labor Continues to be an Issue in the Construction Industry
First Quarter 2023 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to the value of 1349. This represents a 1.28% quarterly increase from the Fourth Quarter 2022 and an 7.49% yearly increase from the First Quarter 2022.
| Quarter | Index | % Change |
|---|---|---|
| 1st Quarter 2023 | 1349 | 1.28 |
| 4th Quarter 2022 | 1332 | 1.60 |
| 3rd Quarter 2022 | 1311 | 2.18 |
| 2nd Quarter 2022 | 1283 | 2.23 |
Base year: 1967, index 100
Please click below to download the Building Cost Index2023
 First Quarter 2023 |
2022
 First Quarter 2022 |
 Second Quarter 2022 |
 Third Quarter 2022 |
 Fourth Quarter 2022 |
2021
 First Quarter 2021 |
 Second Quarter 2021 |
 Third Quarter 2021 |
 Fourth Quarter 2021 |
2020
 Second Quarter 2020 |
 Third Quarter 2020 |
 Fourth Quarter 2020 |
2019
 First Quarter 2019 |
 Second Quarter 2019 |
 Third Quarter 2019 |
 Fourth Quarter 2019 |
2018
 First Quarter 2018 |
 Second Quarter 2018 |
 Third Quarter 2018 |
 Fourth Quarter 2018 |
2017
 First Quarter 2017 |
 Second Quarter 2017 |
 Third Quarter 2017 |
 Fourth Quarter 2017 |
2016
 First Quarter 2016 |
 Second Quarter 2016 |
 Third Quarter 2016 |
 Fourth Quarter 2016 |
2015
 First Quarter 2015 |
 Second Quarter 2015 |
 Third Quarter 2015 |
 Fourth Quarter 2015 |
2014
 First Quarter 2014 |
 Second Quarter 2014 |
 Third Quarter 2014 |
 Fourth 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 |
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 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.