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FIRST QUARTER CONSTRUCTION COSTS TO REMAIN FLAT, ACCORDING TO TURNER COST FORECAST

 FIRST QUARTER CONSTRUCTION COSTS TO REMAIN FLAT,
 ACCORDING TO TURNER COST FORECAST
 NEW YORK, Jan. 28 /PRNewswire/ -- Construction costs in the first quarter of 1992 are expected to remain flat, 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 first quarter index will remain the same at 448, showing no increase over fourth quarter 1991 and reflecting no 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.
 Based in New York, the Turner Corporation, through Turner Construction Company and other construction subsidiaries, is the nation's largest builder of commercial, industrial, hospital and healthcare, institutional, government building and multi-unit housing projects. Operating through more than 34 local offices, Turner has construction projects under way throughout the United States and abroad.
 -0- 1/28/92
 /CONTACT: Frank Basius of Turner Construction, 617-247-5538/
 (TUR) CO: The Turner Corporation ST: New York IN: CST SU: ECO


GK-OS -- NY029 -- 4130 01/28/92 10:12 EST
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Publication:PR Newswire
Date:Jan 28, 1992
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