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.
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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.
The Biden-Harris Administration announced this week that the Department of Transportation is now accepting applications for the Charging...