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March 15, 2018

Mortenson says local construction boom is winding down, but steel prices to spike

  • Mortenson says construction costs are expected to rise as much as 4 percent this year, though the rate of increase is slowing.
    Journal Staff Reporter

    The local construction market is still going strong, but the boom appears to be winding down.

    Last month Mortenson released its fourth-quarter 2017 cost index, and a key indicator — construction employment growth — is showing signs of leveling off after years of growth.

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