Norris also notes that the multi-use housing and manufacturing markets “remain the steadiest during the pandemic.” On the other hand, she adds, “There is a lot of uncertainty surrounding developer-based funding, especially for major downtown projects, that is leading to the postponement of jobs that have been in the works for years.”

Meanwhile, colleges, universities and health care institutions “are facing tremendous financial hardship, and the outlook for capital funding is uncertain,” Norris points out. “Many construction projects for these sectors have been indefinitely postponed or canceled altogether.”