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5 roadblocks that could slow construction’s recovery

August 6, 2021

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The nation’s construction industry, coupled with professional architects and engineers, play a significant role in the economic wellbeing of the U.S. economy. According to Federal Reserve Bank statistics, construction accounted for 4.3% of our GDP over the past 12 months. Despite the slowdown in construction during the COVID-19 pandemic, contractors are poised to embark on several decades of unparalleled growth.

The pandemic clearly delayed or halted significant construction work. Most of these delayed projects will go forward as the economy reopens in the balance of this year.

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