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Construction Costs Decline in Q2 2020

The effect of the COVID crisis has had varying effects on the real estate industry.  Some surprising. This would be one of them! Turner Construction Co. cost index shows that construction costs for Q2 2020 actually declined!  One would’ve thought the opposite (with costs of materials increasing and PPE/social distancing/sanitation precautions) but it appears competition has created an aggressive price war.  However, July shows signs that trend might change.  See GlobeSt.com article below:

Construction Costs Decline

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