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January, No. 246

The authors explore the entire construction sector, as well as the different classes of workers employed by it, to see how much it may be contributing to the recent slowdown in productivity growth.

Last Updated: 12/13/2007

Does the Housing Slump Account for the Slowdown in Productivity Growth?

Bhash Mazumder, Ana Rocca, Daniel G. Sullivan

The authors examine how much of the slowdown in productivity growth in the early and mid 2000s may be attributed to a decline in productivity in the construction sector. Unlike some previous analyses, the authors look at the entire construction sector rather than simply the residential portion. This is mainly because some businesses that are classified as being in the residential construction sector may also serve the commercial or government sectors in which building has continued to grow at a healthy pace.