Steel Markets
October 29, 2020
AGC Survey Measures Impact of Virus on Construction
Written by Sandy Williams
The COVID-19 pandemic is causing widespread damage to the nonresidential construction industry, says a new survey from the Associated General Contractors of America. More firms are reporting project delays or cancellations and construction employment levels are falling across U.S. metro areas.
“The survey results make it clear that the months-long pandemic is undermining demand for projects, disrupting vital supply chains and clouding the industry’s outlook,” said Ken Simonson, the association’s chief economist. “Without new federal relief measures, these challenges pose a significant threat to current construction employment levels.”
