How has the COVID‑19 pandemic affected the construction industry?
Radio Spot Broadcast via Texas State Networks on February 15, 2021

Dr. Perryman explains the broader economic impact of the significant hit this sector has taken.  

Construction and COVID
Column Published in syndication February 10, 2021

Every industry has been impacted by the pandemic, though obviously to varying degrees. In construction, work substantially slowed in most segments in 2020, although housing (buoyed by historically low mortgage rates) was one relative bright spot. Many contractors faced delayed or cancelled projects due to lower economic activity and uncertainty. According to a survey from the Associated General Contractors of America (AGC), 44% of contractors had at least one project cancelled and 59% had projects postponed to 2021. Many of those initiatives remain in limbo. Overall volume was down about 16% in 2020. While there are small signs of confidence increasing as the path forward becomes somewhat clearer, it remains uncertain when or even whether demand will improve this year.