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