Declining demand for new housing, low capital expenditures per employee, and a largely inexperienced work force have contributed to only modest long term productivity gains in the mobile homes industry. A new measure of industry productivity from the Bureau of Labor Statistics shows that output per hour increased at an average annual rate.
To put this figure in perspective, a comparison was made between the mobile homes industry and other manufacturing industries for which the Bureau measures productivity. The years were chosen for comparison because these were peak years in the business cycle, as measured by the National Bureau of Economic Research. Between, productivity in the mobile homes industry rose percent annually. More than percent of the manufacturing industries examined showed higher rates of increase in productivity during that same period.
The productivity indexes presented in this article represent the change over time in the ratio of the weighted output of a specified composite of products to the employee hours expended on that output. The output and employee hour series that underlie the productivity measures for the mobile homes industry are based on data from the Bureau of Labor Statistics and the Bureau of the Census.
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