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, according to survey results released by the Associated General Contractors of America and Sage Construction and Real Estate. The findings are detailed in The Pandemic’s Growing Impacts on the Construction Industry: The 2021 Construction Hiring and Business Outlook Report. “This is clearly going to be a difficult year for the construction industry,” said Stephen E. Sandherr, the association’s CEO. “Demand looks likely to continue shrinking, … Read more
New Industry Outlook Reports on Industry Struggles with Declining Demand, Growing Project Delays + Cancelations
Filed under: Economic NewsTagged with: 2021 Construction Outlook, AGC, COVID-19, skilled trades