The two pullbacks on works in progress are notable. Since the breakout of the pandemic in March, work at most construction projects that had already broken ground has continued. These two high-profile jobs show that even if projects have already begun, the economic uncertainty surrounding coronavirus also has the power to stop them in their tracks.
In the Dallas metro area, hotel and motel construction dropped 40%, according to Dodge, and Fort Lauderdale has seen an even larger drop, with exhibition hall starts plummeting 99% and hotel starts 79%. This is at least in part due to the heavy decrease in travel caused by the coronavirus.
