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July 10, 2005
Construction Statistics / Productivity
Current Statistics are pointing to a robust construction economy. It is a 1.1 trillion dollar industry. Subsets and their volume are as follows:
1) Private construction: $856 billion
2) Public construction: $247 billion
Residential construction is $614 billion
Non-Residential construction is $242 billion
Educational construction is $64 billion.
Highway construction is $65 billion
Employment stands at 7.1 million persons
Productivity Statistics - 2005 Employment
All Construction $152,778 / employee
Residential Buildings $200,353 / employee
Non-Residential Buildings $322,667 / employee
Heavy / Civil $194,505 / emmployee
All dollars are current dollars.
Calculation is made by dividing $ put-in-place construction by number employed
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Matt Stevens is a management consultant who works only with construction contractors. He has performed training and business consultation for the contracting community since 1994. Matt can be reached at mstevens@stevensci.com.
Posted by Matt Stevens at July 10, 2005 05:29 PM
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