Dodge Data & Analytics released its 2021 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts will increase 4% in 2021, to $771 billion. “The COVID-19 pandemic and recession has had a profound impact on the U.S. economy, leading to a deep drop off in construction starts in the first half of 2020,” stated Richard Branch, chief economist for Dodge Data & Analytics. “While the recovery is underway, the road to full recovery will be long and fraught with potential potholes. After losing an estimated 14% in 2020 to $738 … Read more
Dodge Outlook 2021 Predicts Slow, Uneven Recovery throughout 2021
Filed under: Economic NewsTagged with: 2021 Dodge Construction Outlook, COVID-19, Dodge Data & Analytics, U.S. construction starts