Leo Sveikauskas, research economist in the U.S. Bureau of Labor Statistics’ Division of Productivity Research and Program Development, had been thinking about issues in measuring construction productivity after a discussion with peers in that unit of BLS, part of the U.S. Labor Dept.
Dodge chief economist Robert Murray and others see transportation sector growth, but declines in multifamily and other housing for an overall flat construction outlook.
Construction cost data provider Gordian has launched a big-data-driven service designed to predict construction project cost changes up to three years into the future.