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Turner Building Cost Index

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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