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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.
    • By JON SILVER
    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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