We’re just past the midway point of 2020, and it feels as if we’ve already lived through a decade of economic forecasts this year. Following a period of sustained growth in real estate development and construction, we’re now questioning how deep and long lasting the economic impact of the pandemic will be.
The unprecedented nature of this downturn makes it challenging to navigate. However, a few indicators can help us manage risk and improve planning to withstand, and even capitalize on, the current economic headwinds. Construction industry professionals in the vertical building market have reason for optimism in the third and fourth quarters of 2020.