Construction Productivity Has Stagnated Earlier this month, an op-ed in the New York Times, “The Story Construction Tells About America’s Economy Is Disturbing” states that productivity in the construction industry began to decline in 1970. A construction worker in...
Reasons for the Construction Productivity Decline To sum up our analysis, here are some potential causes of construction's productivity decline over the past fifty years, and why construction technology adoption has been so slow: Ever increasing number of stakeholders...
Competition in the Construction Industry I'm not an economist and don't play one on TV. But ever since I entered the construction tech market with Safe Site Check In, I've been struck by its contradictions. Construction is one of the easiest industries for...
Where Did the Construction Workforce Go? The construction industry cannot hire enough workers, and has an historic workforce shortage. And Construction has had a workforce shortage for very long time. Academic research into the topic goes back to the 1990s. The most...
Are There Too Many Cooks in the Construction Kitchen? Is poor productivity the result of too many stakeholders per project? The op-ed in the New York Times, “The Story Construction Tells About America’s Economy Is Disturbing” states that productivity in the...
Construction Productivity Has Stagnated Earlier this month, an op-ed in the New York Times, “The Story Construction Tells About America’s Economy Is Disturbing” states that productivity in the construction industry began to decline in 1970. A construction worker in...
Investments That Could Raise Productivity 2023-24 According to data from Cemex Ventures, investments in the construction tech ecosystem reached a record $4.5B in 2021, triple the amount invested in 2020. What will finally move the productivity needle from stagnant to...
Construction Productivity In The News and Economic Research I'm following up on my prior post about the New York Times article on Construction's productivity crisis. That article just scratched the surface of the issues of why unit output per cost has not improved in...
In a recent blog, we discuss crucial construction statistics that are shaking up the industry. One important factor to note is the average construction backlog of 7.5 months as of September 2020. Pair this build-up of past projects with a long list of current and...