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Report: Turner Cost Index Increases 3.6% Year-Over-Year | |
Nonresidential construction prices have experienced a slowdown in increases since the height of the COVID-19 pandemic, yet 2024 may still witness a slight uptick in costs. According to the Turner Building Cost Index, which has tracked construction prices for over 80 years, the index rose 3.6% in the third quarter of 2024 compared to the same period in the previous year. While this indicates a moderation in cost growth compared to earlier in the pandemic, regional differences and specific factors still contribute to higher-than-average cost increases in some markets. Several key factors drive these regional variations. Some geographic areas are experiencing more intense construction activity than others, which fuels increased demand for labor, materials, and equipment. Additionally, numerous mega projects, such as large infrastructure developments and commercial complexes, are underway in various parts of the U.S., pushing costs up further in those markets. For example, areas like New York City, Los Angeles, and Texas have seen substantial growth in construction projects, leading to more competitive bidding and, consequently, higher prices. For more details please visit our website - https://www.constructionviewpoint.com/2025/01/07/report-turner-cost-index-increases-3-6-year-over-year/  | |
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| Target State: Texas Target City : Houston Last Update : Nov 03, 2025 6:43 AM Number of Views: 9 | Item Owner : constructionviewpoint Contact Email: (None) Contact Phone: (None) |
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USAOnlineClassifieds > Communities > News & Events > Item ID 1195783
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2025-11-03 (0.581 sec)