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/2024-05-24-03-21-30-125-665007ba070490f8c71251ef.jpg)
On May 17, Colorado’s governor signed the groundbreaking Consumer Protections for Artificial Intelligence Act. The Act regulates...
Latest Insights
/Passle/5f6edd8e8cb62a0bec3e5fd2/MediaLibrary/Images/2024-12-10-19-43-09-641-675899cde511c26e4b742e8e.png)
/Passle/5f6edd8e8cb62a0bec3e5fd2/SearchServiceImages/2024-12-08-00-32-31-904-6754e91f5a1102fbb14f7c2a.jpg)
/Passle/5f6edd8e8cb62a0bec3e5fd2/MediaLibrary/Images/2024-11-20-01-08-39-221-673d3697d15198c146b0ac71.png)