Salt Lake Telegram | 1928-12-16 | Page 30 | Four Increases Recorded since January, with but One Decline during Entire Period

F I Building Costs at Highest I Level Fit M A NI F S AJ JJ Jt IS IN i 1 10 0 r W H W Q fiG RICES PAID BY RAe COm R ic ico o 9 materials 12 00 o 4 I 1 I- I 30 I. r fI t V I- I o oa a f 1 r J. J Y zo O ic ho 1913 AVERAGE lOO n i IIII r t I I 1925 1926 1927 I 1928 Four Increases Recorded Since January With but One Cne Decline During Entire Period I WASHINGTON Dec 15 Con 15 Con Construction costs have risen to the highest plane they have occupied at any time during rIng the past thirty months according to statistics Just compiled by the Associated General Contractors of America October was the third successive month to witness a rise in tho the cost average The record for the elapsed portion of ot 1928 shows but one decline Four rises are Indicated as having taken place since January The first Increase during this year ear occurred last June breaking a successIon succession succession suc suc- cession of or decreases that had been registered at regular Intervals since midsummer of ot 1927 The average of ot construction costs now Is la slightly more than double the average recorded in 1913 The average for the first ten months of ot 1928 Is slightly below the figure registered registered registered reg reg- for fot the corresponding period of ot last year a low cost era during II the opening months of ot the current year having served to offset the ef effect er- er feet which recent rises h hay hav j had upon the ten-month ten average The Increase noted in October Is attributed to higher prices Commanded commanded com corn by basic construction mateI materials materials mate mate- rials during that month the third in succession to witness an increase I The wage situation continued to give every indication of or a a. stabilized condition presenting an average I showing no change from that held by the preceding month Only two changes in the wage average h have ve occurred this year a slight alight decrease taking place in June and a a. counterbalancing counterbalancing counterbalancing counter counter- balancing Increase asserting itself in September A scale which places the average of ot combined construction costs for 1913 at as its basis shows the following index numbers for the months of this year January February l I March h. h April Ma May June July August September and October