Decline In Construction Costs Anticipated
More signs that the construction industry is on a recovery path. Hard to get a good gauge on things, as the construction industry will be behind the economy recovery and we all know how that is going – [slow].
Turner Construction Company announced that the First Quarter 2010 Turner Building Cost Index, which measures non-residential building construction costs in the United States, has decreased by 0.5% from the Fourth Quarter 2009 and decreased 7.74% from the First Quarter 2009. Construction costs have decreased by 13.06% since their peak at the end of 2008. The Turner Building Cost Index value for First Quarter 2010 is 799.
Categories: News
I am with a light bulb distrubtor on Long Island, Specialty Bulb Co, and I have a lot of Construction Rental companies as well as Contractor Suppliers as my customer base. Business has been slow, slow, slow, which of course it usually is from the Holiday season until the thaw. But, last week the Light Tower Bulbs were going out of here left and right!! I am going to take this as a sign that things out there are picking up, and preparing for the upcoming season. OPTIMISM—THE GLASS IS 1/2 FULL!!
Glass 1/2 full is right! Don’t think anybody sleeps well thinking the other way. We hope your business continues to pick up, and thanks for posting!