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Construction costs to be flat for first quarter of 1992.

Construction costs to be flat for first quarter of 1992

Construction costs in the first quarter of 1992 are expected to remain flat, according to a forecast released by The Turner Corporation.

According to the Turner Building Costs Index, the first quarter index will remain the same at 448, showing no increase over fourth quarter 1991 and reflecting non change from the average index for all of 1991.

"With market conditions not expected to change significantly from the last several quarters, I would expect contractor prices in the building sector to remain relatively flat in the first quarter of 1992, "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.
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Publication:Real Estate Weekly
Article Type:Brief Article
Date:Feb 5, 1992
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