The COVID-19 pandemic is now into its 10th month, and a second wave of the virus is hitting the country hard. However, the prospects of a vaccine are giving many industry firms hope that the construction market may start to recover later in 2021.
The concern about the emergence of COVID-19 can be seen in the results of ENR’s latest Construction Industry Confidence Index survey. The index, which had plunged 20 points to a 36 rating in the second quarter of 2020, and edged up two points in the third quarter, continues to advance very slowly, as the CICI Index now is up only two more points, to a 40 rating.