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How the Construction Industry Will Change Due to COVID-19

July 23, 2020

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While the construction industry has weathered the coronavirus (COVID-19) pandemic better than others like retail and hospitality, it hasn’t been all kittens and rainbows either. From February through April, the construction industry lost over a million jobs. To put that in perspective, during the Great Recession the industry lost about 2.3 million jobs. Through June, the industry has managed to gain back over 600,000 jobs.

Construction starts and put-in-place spending have also taken a hit since state lockdowns and shelter in place orders started rolling in back in March. While there were a handful of state and local governments that deemed construction nonessential, many allowed construction work to continue, and now all jobsites have been allowed to resume operations, many with restrictions and guidelines on social distancing, mask wearing, and other safety protocols in place.

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