The construction industry sputtered, but did not stall, as Covid shocked the economic landscape in early 2020. Construction regained nearly 65% of the jobs it lost in Q2 and housing permits returned to pre-Covid levels--by most accounts, construction experienced a "V" shaped recovery. However, Mr. Basu, Chief Economist for Associated Builders and Contractors, warns that a sluggish 2021 start for nonresidential construction could be on the horizon.
| less than a minute read
Changing work habits create risk of "W" shaped recovery in nonresidential construction.
Two University of Chicago economists recently determined that 37% of jobs can be done entirely from home.
/Passle/5f6edd8e8cb62a0bec3e5fd2/SearchServiceImages/2025-09-11-17-02-51-670-68c300bb2b4d83f984228268.jpg)
Artificial intelligence is changing the way businesses operate - from automating workflows to generating marketing content. But one of...
/Passle/5f6edd8e8cb62a0bec3e5fd2/SearchServiceImages/2026-01-02-16-54-43-081-6957f8535f1a76acacafd8f9.jpg)
/Passle/5f6edd8e8cb62a0bec3e5fd2/SearchServiceImages/2025-12-30-21-37-02-736-695445fe30378b5c25a83a0b.jpg)
/Passle/5f6edd8e8cb62a0bec3e5fd2/SearchServiceImages/2025-12-30-17-20-29-395-695409ddbd098cc4b3f77073.jpg)