- A Sharp Divide in the Construction Marketplace
- A Boom in Residential Construction
- Nonresidential Construction Pausing and Considering
A Sharp Divide in the Construction Marketplace
The ‘duality’ theme often ascribed to the economy these days ‒ e.g., online retail sales ‘great’ vs ‘bricks and mortar’ retail sales ‘struggling’ ‒ since the onset of the coronavirus pandemic can also be applied to the nation’s construction marketplace.
The Census Bureau’s 2020 end-of-year statistics on put-in-place investment in the U.S. showed total dollar volume being +4.7% when compared with the whole of 2019. But the growth was entirely in residential construction, +11.8%, while nonresidential stayed flat, -0.1%.
