Construction Physics ⢠17537 implied HN points ⢠12 Feb 26
- U.S. construction productivity has been stagnant or fallen for decades, especially compared to strong gains in the rest of the economy. Many sector-wide measures show little to no growth and some show long-term declines.
- How productivity is measured matters a lot ā sector, subsector, project, and task metrics can tell different stories, and results are highly sensitive to deflators, changing output mix, labor accounting, and quality adjustments. These measurement problems make precise conclusions difficult.
- Other countries also show weak construction productivity gains since the 1990s, and while some tasks or subsectors have improved, overall construction growth is much lower than manufacturing and the broader economy.