Steel Markets
March 11, 2021
AGC COVID Survey Shows Lingering Symptoms for Construction
Written by Sandy Williams
The construction industry remains optimistic despite still facing many challenges resulting from the COVID-19 pandemic. Out of 1,400 contractors responding to the Associated General Contractors of America’s Coronavirus Survey, 62% said they plan to add employees this year. A bullish perspective typical of the construction industry, said AGC Chief Economist Ken Simonson. “No matter how bad things look for the economy, construction is upbeat on their own prospects.”
The survey covered contractors in all sectors of construction, except single-family residential, and revealed ongoing and severe impacts from the pandemic. Project postponements and cancellations were reported by three-fourths of respondents, with supply chain disruptions and higher costs cited as leading frustrations for the industry.
