Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions, according to a recently published economic outlook. Normally, construction backlog, which stood at 8.2 months in February, according to ABC’s Construction Backlog Indicator, safeguards the nonresidential construction sector from the early stages of economic downturns, making it the last segment to enter a recession. However, given project shutdowns in parts of Pennsylvania, Massachusetts and California, as well as social distancing and other health requirements, that hasn’t proved true. “Projects are being … Read more