The Rising Costs and Future of Construction in America

Most industries have become more productive over time. But not construction! We identify the causes — and possible solutions. (Can you say ... “prefab”?)
 

RESOURCES:

• "The Strange and Awful Path of Productivity in the US Construction Sector," by Austan Goolsbee and Chad Syverson (BFI Working Paper, 2023).
• "Infrastructure Costs," by Leah Brooks and Zachary D. Liscow (American Economic Journal: Applied, 2023).
• "The Silicon Valley Elite Who Want to Build a City From Scratch," by Conor Dougherty and Erin Griffith (The New York Times, 2023).
• "A Decent Home," report by the President's Committee on Urban Housing (1968).

EXTRAS:

• "Edward Glaeser Explains Why Some Cities Thrive While Others Fade Away," by People I (Mostly) Admire (2021).
• "Why Are Cities (Still) So Expensive?" by Freakonomics Radio (2020).

SOURCES:

• Vaughan Buckley, founder and C.E.O. of the Volumetric Building Companies.
• Carrie Sturts Dossick, professor of construction management at the University of Washington.
• Ed Glaeser, professor of economics and chair the economics department at Harvard University.
• Michael Hough, director of MJH Structural Engineers.
• Ivan Rupnik, professor of architecture at Northeastern University.
• Chad Syverson, professor of economics at the University of Chicago.