New research released by the Center for Construction Research and Training focuses on the economic impact of COVID-19 on the construction industry through September 2020, examining construction spending, new residential construction and the well-being of small businesses.
A recent report published by the Center for Construction Research and Training notes that COVID-19 has had a “stark impact” on the U.S. economy and many industries, including construction. “Impact of COVID-19 on Construction Businesses and Productions,” published by researchers Samantha Brown, MPH, Raina D. Brooks, MPH, Xiuwen Sue Dong, DrPH, found that while stay-at-home orders aided in “flattening the curve,” they had stark impacts on U.S. workers and businesses, including construction.
The pandemic hit some sectors of the Construction Industry harder than others, researchers reported. Overall construction spending dropped $68.4 billion from January to May and increased by $44.7 billion from May to September in 2020, remaining about $23.7 billion below January … Read more...
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