Demand for Nonresidential Construction and Public Works Will Decline Amid Ongoing Pandemic Concerns, Worsening State and Local Budgets as Association Officials Call for New Recovery Measures
Construction spending in December exhibited sharply varied trends, with downturns from a year earlier in every private category, mixed results for public construction, and double-digit increases in residential construction, according to an analysis by AGC.
Flex-Ability Concepts recently prepared one of its regular shipments to Pro Plaster Products in Capalaba, Queensland, Australia. Pro Plaster faced unprecedented challenges in 2020 because it, like so many companies, relies on shipments from China and the United States that were slowed because of the COVID-19 pandemic. The company has addressed this by increasing stock levels to be prepared for a successful 2021, and Flex-Ability Concepts—a 22-year partner—is ready to help.
The year 2020 is behind us and I for one am looking forward to the New Year. Of course, odds are the need to adapt to the changes in our business environment won’t just vanish with 2021.
New Industry Outlook Finds Most Contractors Expect Demand for Many Categories of Construction to Decline, Few Firms Expect the Industry to Recover to Pre-Pandemic Levels Soon, but will Sustain IT Investments
Most contractors expect demand for many types of construction to shrink in 2021 even as the pandemic is prompting many owners to delay or cancel already-planned projects, meaning few firms will hire new workers.