According to Karl F. Almstead, the Turner vice president responsible for the Building Cost Index: "In general, the market appears to be finding an equilibrium. The competitive market forces are offset by a slight upward pressure of increases in labor and materials. The industry is maintaining a cautious optimism, even though many market segments have not yet rebounded significantly. Several sectors, such as education and healthcare, have remained strong."
For more information, visit Turner's Web site.