After decades of reports about stagnant or slipping construction productivity, a new U.S. Bureau of Labor Statistics study, “Measuring Productivity Growth in Construction,” shows gains in several construction sectors.
With no infrastructure plan passed by the Trump administration so far in 2017, the industry looks to single-family housing and warehouse construction to boost next year’s figures
Major specialty contracting firms in the New York-New Jersey region appear to be benefiting from the still strong metro area building construction market, with revenue for the 10 largest firms on this year’s regional list up nearly $1 billion, to $2.97 billion.
At Nov. 2 event, Dodge chief economist Robert Murray noted a 3% bump for 2018, down from 4% this year. He cited a "mature stage" of construction expansion.
