US Construction worker productivity has dropped 40% in the last 50 years

Re:US Construction worker productivity has dropped 40% in th... by arcticbull on Monday January 23, 2023 @02:32PM (#34493744)

I did say "in major metros" - new construction in SF is about $440/sqft average vs a median listing price of almost $1000/sqft (average $964).

This is the highest in the world. [1, 2]

That's got nothing on San Mateo's $1264 average list price and $160-350 per square foot in construction costs. [2]

[1] https://cbreemail.com/rv/ff019c9050e5e959ddee96391147a04f828...

[2] https://www.statista.com/statistics/1234783/average-sales-pr...

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Re:US Construction worker productivity has dropped 40% in th... by seanmcdirmid on Monday January 23, 2023 @03:05PM (#34494215)

> new construction in SF is about $440/sqft average vs a median listing price of almost $1000/sqft (average $964).

Isn't much of the listing price related to land costs (and then of course profit)? To say that construction costs are only 50% of the sold to cost doesn't tell me much, how much did they pay for the land on a SQFT basis?

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