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Changing work habits create risk of "W" shaped recovery in nonresidential construction.

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. 

Two University of Chicago economists recently determined that 37% of jobs can be done entirely from home.