Dive Brief:

• Turner Construction's Building Cost Index for the 3rd quarter of this year stands at 868, which is up just over 1% from the previous quarter.
• Year to year, the index of non-residential costs is up 4.4% from the same quarter last year.
• Turner's index numbers are based on costs in 1967 marking the 100 level.

Dive Insight:

Turner President Karl F. Almstead said in the latest report that the "increase in construction activity" during the recovery "has "enabled pricing to cautiously increase among specialty and trade contractors as their order backlog grows." In Turner's view, materials prices are off their highs from earlier in the year, and labor costs "remain constrained."