March 1, 2021

Construction Equipment reported the findings of the Marcum Commercial Construction Index for the fourth quarter of 2020.

Construction Equipment

By Joseph Natarelli, National Construction Industry Group Leader & Anirban Basu, Chief Construction Economist

Construction Equipment reported the findings of the Marcum Commercial Construction Index for the fourth quarter of 2020. Construction

Excerpt:

“Nonresidential construction employment declined by about 644,000 jobs between February and May of 2020 as the pandemic’s grip took firm hold,”took firm hold,” wrote Anirban Basu, author of the report and Marcum’s chief construction economist. “As of January 2021, the nonresidential industry had recovered about 60 percent of those losses, which means that the segment’s employment is still 5.5 percent lower than it was at pandemic’s onset.”

p>

Residential, however, has boomed.

Click here to read a PDF version of the article >>

Click here to download the latest Marcum Commercial Construction Index >>

Click here to download the latest Marcum Commercial JOLTS Analysis >>

Coronavirus Resource Center

Have more questions about the impact of the coronavirus on your business? Visit Marcum’s Coronavirus Resource Center for up-to-date information.

Related Industry

Construction

Featured

Joseph  Natarelli

Joseph Natarelli

Construction Services Leader

  • Assurance
  • New Haven, CT
Anirban  Basu

Anirban Basu

Chief Construction Economist