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The Turner Corporation forecasts increase in construction costs

The Turner Corporation, the US's leading general builder, announced that construction costs in the second quarter of 2006 are projected to increase over the first quarter of 2006.

According to the Turner Building Cost Index, the second quarter 2006 index will rise to 787, showing a 2.75 percent increase over the first quarter 2006 index of 766 and a 11.89 percent increase over the second quarter 2005 index of 704. Turner has made its quarterly forecast for more than 50 years.



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