Turner Building Cost Index 750 1050 1000 950 900 850 800 Quarter 2nd Quarter 2017 1st Quarter 2017 4th Quarter 2016 3rd Quarter 2016 Index 1031 1019 1006 995 % 1.18 1.29 1.11 1.22 Year 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 Average Index 989 943 902 864 830 812 799 832 908 854 793 717 655 % 4.7 4.5 4.4 4.1 2.1 1.6 -4.0 -8.4 6.3 7.7 10.6 9.5 5.4 The Turner 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. 2017 Second Quarter Forecast 2013 “The steady pace of construction starts across the country is continuing to have an impact on the skilled labor workforce. As a result, we are seeing subcontractors exercise greater caution in their pursuits. Their selective approach to bidding also contributes to increased prices.” Meridian Riverview Cancer Center Expansion Red Bank, New Jersey 2014 2015 ©2017 Turner Construction Company www.turnerconstruction.com/cost-index 2016 Attilio Rivetti Vice President 2017
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750
800
850
900
950
1000
Turner Building Cost Index
750
1050
1000
950
900
850
800
Quarter2nd Quarter 20171st Quarter 2017 4th Quarter 2016 3rd Quarter 2016
Index10311019 1006 995
%1.181.29 1.11 1.22
Year2016 2015 2014 2013201220112010200920082007200620052004
Average Index989 943 902 864830812799832908854793717655
%4.74.5 4.4 4.12.11.6
-4.0-8.46.37.7
10.69.55.4
The Turner 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.
2017 Second Quarter Forecast
2013
“The steady pace of construction starts across the country is continuing to have an impact on the skilled labor workforce. As a result, we are seeing subcontractors exercise greater caution in their pursuits. Their selective approach to bidding also contributes to increased prices.”
Meridian Riverview Cancer Center ExpansionRed Bank, New Jersey
2014 2015
©2017 Turner Construction Company www.turnerconstruction.com/cost-index
2016
Attilio RivettiVice President 2017
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