Measuring productivity growth in construction

This article introduces new measures of productivity growth for four industries in construction: single-family residential construction; multifamily residential construction; highways, roads, and bridges construction; and industrial construction. Although previous studies found that productivity is...

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Bibliographic Details
Published in:Monthly labor review 2018-01, p.1-34
Main Authors: Sveikauskas, Leo, Rowe, Samuel, Mildenberger, James D.
Format: Article
Language:English
Subjects:
Bridges
Bridges (Structures)
Company growth
Construction industry
Growth
Heavy construction
Housing, Single family
Industrial productivity
Measurement
Productivity
Single family housing
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Summary:This article introduces new measures of productivity growth for four industries in construction: single-family residential construction; multifamily residential construction; highways, roads, and bridges construction; and industrial construction. Although previous studies found that productivity is stagnant or declining in the overall construction sector, we find that productivity growth is positive and relatively strong in three of the four industries. The present evidence is more reliable because the output price deflators are more accurate in the four industries considered. This article explains in detail how the new measures were prepared and briefly describes ongoing research that the U.S. Bureau of Labor Statistics is conducting to determine what further measures of productivity growth in construction are feasible.
ISSN:0098-1818
1937-4658
1937-4658
DOI:10.21916/mlr.2018.1