Construction Costs Increase in Second Quarter of 2007 06/05/2007 | On May 31, 2007, the New York City-based Turner Construction Co., the nation's leading general builder, announced that construction costs increased in the second quarter. According to the Turner Building Cost Index, the second-quarter 2007 index showed a 1.93-percent increase in construction costs over first-quarter 2007 and a 7.62-percent increase over the second-quarter 2006 index. Turner has issued this quarterly forecast for more than 75 years.According to Karl F. Almstead, the Turner vice president responsible for the Turner Building Cost Index, "Construction costs continue to be driven by the increasing level of activity in the non-residential building sector and a lack of available skilled labor to deliver projects. In addition, volatility is creeping back into the materials markets. Although drywall prices have turned down, structural steel, copper, and petroleum-based products are on the upswing again. Manufacturers and suppliers are also passing along increased transportation costs in their pricing structures."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 provided by Turner Construction Co., a subsidiary of HOCHTIEF and 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 Algae Project Aims for Reliable Energy Are Cool Pavements All They’re Cracked Up to Be? ADDITIONAL FM TOPICS Sustainability / Resilience 5 Tips for Optimal Window Performance Sustainability / Resilience Microsoft HQ Achieves Zero Waste Certification Sustainability / Resilience ISSA Announces Merger with CSSA Sustainability / Resilience Sustainable Solutions for Aging Building Infrastructure 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.