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DALLAS-Construction costs in the third quarter are projected to increase 1.2% from the second quarter of 2000 according to the Turner Building Cost Index produced by the Turner Corp., a leading general builder based here. Company VP Karl F. Almstead says that the high demand for labor and the backlog in the commercial market are the major factors accounting for the increase.

“Although the general market drivers are reasonably consistent across the nation, the pricing structure for specific trades in certain metropolitan areas is escalating considerably beyond the average pace,” he says.

The quarterly forecast, which has been compiled for more than 50 years, considers labor rates and productivity, material prices and the competitive condition of the marketplace.

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