turner building cost index · 2012. 3. 6. · 4th quarter 2011 3rd quarter 2011 2nd quarter 2011...
TRANSCRIPT
Turner Building Cost Index“The economy in the United States
has shown signs of slow growth over
the past six months. However, the
construction market has remained
relatively flat as an increase in
private sector activity is offset
by lower levels of activity in the
public sector. Market competition
continues to restrain the overall
impact of slowly increasing material
and labor costs.”
Karl F. AlmsteadVice President 2008 2009 2010 2011
650
950
900
850
800
750
700
Quarter1st Quarter 20124th Quarter 20113rd Quarter 20112nd Quarter 2011
Index821818814811
%0.370.490.370.62
Year2011201020092008200720062005200420032002200120001999
Average Index812799832908854793717655621619613595570
%1.6
-4.0-8.46.37.7
10.69.55.40.31.03.04.43.8
Turner’s Building Cost Index is determined by the following factors considered on a nationwide basis: labor rates and productivity, material prices and the competitive condition of the marketplace.
Donald V. Fites Engineering Innovation Center, Valaparaiso UniversityValparaiso, Indiana
2012 First Quarter Forecast
2012