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| Construction pricing pressure eases, Turner says Turner Construction Company, the U.S. leading general builder, announced that the Fourth Quarter 2008 Turner Building Cost Index, which projects domestic commercial building construction costs, remains unchanged from the Third Quarter 2008. The Index number remains at 919 for the Fourth Quarter 2008. Over the past year, construction costs have increased 4.91 percent. According to Karl F. Almstead, the Turner vice president responsible for the Turner Building Cost Index said, "We have seen a global reduction in steel, copper, and aluminum prices. The drop in energy prices has also reduced industry cost pressure. In addition, the pace of construction starts has slowed and competition for small-scale projects has increased." write your comments about the article :: © 2008 Construction News :: home page |