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Construction costs to increase in 4Q.


The Turner Corporation announced that construction costs in the fourth quarter of 2002 are projected to increase 0.16% from the third quarter of 2002.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Turner Building Cost Index, the fourth quarter 2002 index will increase to 620, one point above the third quarter of 2002 and 0.65% above the fourth quarter of 2001.

According to Karl Karl. For German and Swedish kings thus named, use Charles.  F. Almstead, the Turner vice president responsible for the Building Cost Index: "There is an increasing competitiveness for available projects in most geographic markets. The pricing pressures are offsetting any slight increases in labor and material costs. Growing concerns over the ability of the economy to bounce back bounce  
v. bounced, bounc·ing, bounc·es

v.intr.
1. To rebound after having struck an object or a surface.

2.
 are dampening the optimism Optimism
See also Hope.

Bontemps, Roger

personification of cheery contentment. [Fr. Lit.: “Roger Bontemps” in Walsh Modern, 66]

Candide

beset by inconceivable misfortunes, hero indifferently shrugs them off. [Fr.
 that has existed in the industry."
COPYRIGHT 2002 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Turner Corporation
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 11, 2002
Words:119
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