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141 Monthly Lab. Rev. 1 (2018)

handle is hein.journals/month141 and id is 1 raw text is: Monthly Labor Review SBUS 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 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. 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. Our overall results show that productivity growth has been positive and somewhat strong in three of the four industries. The industry of highways and associated construction is the exception. These results contrast with previous work,1 which suggested that productivity growth has been negative or zero within total construction. These differences in findings are not due to simple data revisions. Our measures instead reflect an analytical advance: we examine only those industries in which the deflators exactly match the industry boundaries. Previous work generally looked at the total construction sector. Since the many new deflators now available did not exist then, Leo Sveikauskas sve iis ka s. e~~ov Leo Sveikauskas is a research economist in the Office of Productivity and Technology, U.S. Bureau of Labor Statistics. Samuel Rowe Samuel Rowe, formerly an economist in the Office of Productivity and Technology, U.S. Bureau of Labor Statistics, is a statistician in the Office of the Assistant Secretary for Policy, U.S. Department of Labor. James D. Mildenberger M ildeP n lbe. qiimaL(bIS .o James D. Mildeniberger is a supervisory economist in the Office of Productivity and Technology, U.S. Bureau of Labor Statistics. these prior studies had to use the single-family housing deflator and an associated cost index to deflate production in most or all of construction.2 January 2018

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