Turner Building Cost Index Ticks Up in 4Q 2010

Turner Construction Company announced that the Fourth Quarter 2010 Turner Building Cost Index has slightly increased over the Third Quarter of 2010. The Turner Building Cost Index measures costs in the non-residential building construction market in the United States. The Turner Building Cost Index of 801 reflects a 0.38% increase over the Third Quarter 2010. However, overall construction costs have decreased by 0.25% when measured in comparison to the Fourth Quarter of 2009. Karl F. Almstead, the Turner vice president responsible for the Turner Building Cost Index said, “The Fourth Quarter forecast reflects increasing commodity and materials prices being offset by extremely competitive market conditions. This is resulting in construction costs remaining substantially unchanged from the previous quarter.”