High material prices are expected to drop as supply catches up with demand in 2021

Even as vaccines become widely available and economic recovery continues, non-residential construction may face a long road. 

Following a V-shaped recovery in the third quarter of 2020, economic growth has slowed. Amid pandemic's third wave, vaccines bring hope for the second half of 2021. 

The index is expected to continue to rise over the next six months.

Federal funding is critical to the country’s economic recovery, analysts say

Single-family housing and warehouse construction have endured through the economic downturn amid the COVID-19 crisis, but recovery in other sectors will take time, forecasters say.