Increase in Construction Costs Forecasted for the First Quarter of 2006 03/09/2006 | Turner Corp. attributes global demand and availability of skilled labor as reasons Dallas-based Turner Corp., the nation's leading general builder, recently announced that construction costs in the first quarter of 2006 are projected to increase over the fourth quarter of 2005. According to the Turner Building Cost Index, the first quarter 2006 index will rise to 766, showing a 2.68-percent increase over the fourth quarter 2005 index of 746 and a 10.85-percent increase over the first quarter 2005 index of 691. According to Karl F. Almstead, the Turner vice president responsible for the Cost Index: "The volume of construction activity, cost pressure on materials associated with global demand, and the availability of skilled labor are the primary elements driving the cost escalation in the domestic construction market." He continues, "Concerns over energy costs remain in the background, along with questions of the impact and timing of rebuilding following Hurricane Katrina." Turner has made its quarterly forecast for more than 50 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 - 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. This information was reprinted with permission from Turner Corp. Turner is the leading general builder in the United States, ranking first or second in the major segments of the building construction field. For more information, visit Turner's website at (http://www.turnerconstruction.com). Previous ArticleNext ArticleENERGY STAR Announces 2013 Upgrade of Portfolio Manager Twitter Facebook LinkedIn RSS Email to a Friend * required fields From* To * Message cancel Email Print Print Related Coverage 2015 Was the Hottest Year on Record How to Properly Green Clean Buildings ADDITIONAL FM TOPICS Sustainability / Resilience Certification Spotlight – FloorScore Sustainability / Resilience ENERGY STAR’s Portfolio Manager Adds Waste and Water Tracking Sustainability / Resilience 5 Tips for Optimal Window Performance Sustainability / Resilience Next Generation Green Restroom Design Lighting Why the Time is Now for Advanced Lighting Controls Project Management The Key to Project Success: Collaboration Roofing The Vital Role of Insulation in Roofing Systems HVAC Portable Air Conditioners Taming Hot Summer Temperatures: Keeping People & Networks Safe Security A New Approach to Vendor Risk Management Sponsored Links Smart roof systems improve building energy efficiency! Polyglass’ Polyfresko cap sheets with CURE Technology saves on energy. Engineered to perform, Polyfresko has superior granule adhesion and excellent puncture, stain and UV resistance.