Construction of building hours are now approximately 15% higher than they were a decade ago. Although construction productivity experienced a sharp decline during the 2020 shutdown, the sector recovered quickly and has since rebounded to near all-time highs in total hours worked. This is an encouraging sign for the broader economy, as increased construction activity tends to create ripple effects across multiple industries. Higher demand for building materials, transportation, manufacturing, and related services all benefit when construction activity accelerates.
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
Comments
Log in or sign up to join the conversation.