New Industry Outlook Finds Most Contractors Expect Demand for Many Categories of Construction to Decline, Few Firms Expect the Industry to Recover to Pre-Pandemic Levels Soon, but will Sustain IT Investments
Most contractors expect demand for many types of construction to shrink in 2021 even as the pandemic is prompting many owners to delay or cancel already-planned projects, meaning few firms will hire new workers.
The Centers for Disease Control (CDC) has clarified that construction workers will likely receive the COVID-19 vaccine in the third phase of its rollout program.
Forecast Provides Insight into How Contractors Expect the Coronavirus to Continue Impacting the Industry, Whether Demand Will Recover and If They Plan to Add Staff, Technology This Year
On Thursday, January 7 at 12 p.m. EST, the Associated General Contractors of America and Sage will release its national and state construction hiring and business forecasts for 2021 during a virtual media event.
The Foundation released the December 2020 Monthly Confidence Index for the Equipment Finance Industry. The Foundation also released highlights of the COVID-19 Impact Survey of the Equipment Finance Industry.
Measure’s Modest Amount of Funding for Infrastructure Projects and Clarification that PPP Loans May Not be Taxed Will Help Offset Some of the Challenges Facing the Construction Industry
The new coronavirus recovery measure should provide some needed relief for a construction industry that is coping with project cancellations and job losses in most parts of the country.