High Level of Construction Activity in Urban Areas Drives Increase in Construction Costs Turner Construction Cos Index *Trends driving this include the boom in micro-apartment contracts.* Want to live in a closet? Many Millennials and Generation Xers actually do, contributing to the rise of micro apartments. From Boston to the District to Nashville to San Francisco, these tiny dwellings are finally gaining approval from city planners—which means more contracts for commercial builders. Good business for concrete suppliers and contractors!less
High Level of Construction Activity in Urban Areas Drives Increase in Construction Costs
Fourth Quarter 2014 Turner Building Cost Index – which measures costs in the non-residential building construction market in the United States – has increased to a value of 917. This reflects a 0.99% increase from the Third Quarter 2014 and a 4.45% increase from the Fourth Quarter 2013.