Construction Physics β’ 12318 implied HN points β’ 06 Feb 26
- US construction productivity is slipping because technological progress is slow, land-use rules are restrictive, and measurement problems hide the full picture.
- House price growth tracks average income growth more than median income, so affordability problems are tied to top-end income gains; renting costs less than owning in major metros and builders are pushing big programs to fill a large housing shortfall.
- Federal permitting uncertainty is delaying many wind and solar projects, but political opinion and industry moves are nudging solar forward, with new domestic panel manufacturing, landfill and rooftop deployments, and legislative proposals to create permitting certainty.