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SECOND QUARTER CONSTRUCTION COSTS TO SHOW SLIGHT INCREASE ACCORDING TO TURNER COAST FORECAST

 NEW YORK, April 29 /PRNewswire/ -- Construction costs will increase marginally in the second quarter of 1993, according to a forecast released today by The Turner Corporation (AMEX: TUR), the nation's leading general builder. According to the Turner Building Cost Index released today, the second quarter index will increase two points, from 456 to 458. The predicted growth represents a 0.4 percent rise over first quarter 1993.
 "Although a number of price increases have been announced at the producer level, the slower than anticipated recovery in building construction activity will continue to act as a damper to any significant increase in contractor selling prices at least through mid- year," commented Frank Basius, the Turner group vice president responsible for calculating the Turner Building Cost Index.
 Turner has made its quarterly forecast for more than 50 years. 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. In fact, regional conditions often vary from composite trends.
 Based in New York City, The Turner Corporation, through Turner Construction Company and other construction subsidiaries, is the nation's leading builder of healthcare, institutional, retail, commercial, industrial, manufacturing, interiors, biotech/pharmaceutical, research and development/laboratories, government building and multi-unit residential projects. Operating through more than 35 offices, Turner has construction projects underway throughout the United States and abroad. During 1992, The Turner Corporation completed $2.6 billion of construction.
 -0- 4/29/93
 /CONTACT: Beverly A. Benn of The Turner Construction, 212-229-6157/
 (TUR)


CO: The Turner Corporation ST: New York IN: CST SU:

SH-SM -- NY090 -- 2761 04/29/93 14:41 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
Words:282
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