COVID-19 has shaken our economy and our way of life as we know it. Never in modern history has a health crisis emerged so quickly and so close to home. Coronavirus has had a profound effect on many of our friends and family members, cutting out a significant portion of the workforce.
In this month’s edition of “What’s Trending in Construction,” we continue our coverage of the COVID-19 pandemic, and how it’s been impacting our industry.
As the construction industry faces what could be considered its worst crisis in history, it has been uplifting to watch the industry work in unison.
An article coming out of Globe St. (@globestcom) asserts what we’ve all been noticing across our industry: Construction project cancellations are on the rise due to the COVID-19 pandemic. The piece, which draws on market data from an Associated General Contractors of America survey, notes that 39% of contractors have reported either a halt or cancellation of their current projects.