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FOURTH QUARTER CONSTRUCTION COSTS TO SHOW MARGINAL INCREASE ACCORDING TO TURNER COST FORECAST

 FOURTH QUARTER CONSTRUCTION COSTS TO SHOW MARGINAL INCREASE
 ACCORDING TO TURNER COST FORECAST
 NEW YORK, Oct. 22 /PRNewswire/ -- Construction costs in the fourth quarter of this year will show a slight increase, 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 fourth quarter index will increase three points, from 450 to 453. The predicted growth represents a 0.6 percent increase.
 In commenting on today's forecast, Frank Basius, the Turner group vice president responsible for calculating the Turner Building Cost Index, said, "Recent material price increases will put added pressure on contractor prices in the fourth quarter, however, there is still too little work and too many players for anything other than a marginal increase to surface."
 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 commercial, industrial, hospital and healthcare, institutional, government building and multi-unit housing projects. Operating through more than 35 offices, Turner has construction projects under way throughout the United States and abroad. During 1991, the Turner Corporation completed $2.7 billion of construction.
 -0- 10/22/92
 /CONTACT: Beverly A. Benn of the Turner Corporation, 212-229-6157/
 (TUR) CO: Turner Corporation ST: New York IN: CST SU: ECO


CK-PS -- NY070 -- 3508 10/22/92 11:22 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
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