Business Intelligence – March 2021

While 2020 was a rough and turbulent year for almost every sector of the U.S. economy, construction proved more resilient than most industries. Construction spending contracting sharply with the sudden economic downturn last spring. But by June, the industry was growing again and finished the year posting modest gains in some metrics. Here’s a breakdown:

Source: “Economic Impacts of Commercial Real Estate, 2021” by the NAIOP Research Foundation.