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Goldman Sachs Report Reveals Longstanding Stagnation in US Construction Productivity Since 1965

Goldman Sachs • FEBRUARY 12, 2026

A new report from Goldman Sachs reveals a troubling trend in U.S. construction productivity, which has stagnated since 1965, averaging a decline of 0.6% annually. Economist Elsie Peng attributes this lack of growth to factors including outdated technology, increasing housing regulations, and potential mismeasurements in output, painting a stark picture of an industry struggling to innovate while the economy evolves around it.

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Dodge Momentum Index Slips 6.3% in January, Signaling Cooldown in Construction Planning

Dodge Construction Network • FEBRUARY 6, 2026

In a key indicator of the construction market, the Dodge Momentum Index has slipped 6.3% in January, signaling a potential cooling in planning activity. While most commercial and institutional sectors experienced declines, data center projects continue to thrive, suggesting a shift towards more sustainable growth patterns. This early 2026 report highlights significant planned projects, including major data centers and institutional buildings, amidst a backdrop of substantial year-over-year increases in overall planning.

Construction Jobs Surge in Early 2026, Led by D.C. and Kansas City Amid Mixed Metro Trends

AGC • FEBRUARY 6, 2026

A February report from the Associated General Contractors of America reveals a striking surge in construction jobs, with Washington, D.C., and Kansas City leading the charge in early 2026. While 176 metro areas saw employment growth, notable losses in places like Las Vegas and New York City highlight a mixed landscape. With job openings soaring by 42% year-over-year and significant wage increases for union workers, the construction sector is poised for a dynamic year ahead.

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