Construction Costs Rarely Fall (opens in new tab)

Not long ago we looked at construction productivity trends for the US and for countries around the world. We found that in the U.S., and in most other large, wealthy countries, construction productivity is stagnant or declining. Unlike manufacturing and agriculture, or the economy overall, which generally show improving productivity over time, in the field of construction we find that productivity tends to at best stay constant, and at worst decline over time.