One year into the COVID-19 pandemic, significant progress has been made toward economic recovery following the initial recession. Still, a long road ahead remains, particularly in construction.
“Economic headwinds felt in 2020 are quickly turning into a stiff tailwind in 2021 as additional federal stimulus makes its way to individuals and businesses in desperate need,” says Richard Branch, chief economist at Dodge Data & Analytics. “A further boost will come as more Americans receive the COVID-19 vaccine, unleashing a torrent of pent-up consumer demand.”