The Impact of COVID-19 on the Construction Industry in the United States

COVID-19 and Construction

New research released by the Center for Construction Research and Training focuses on the economic impact of COVID-19 on the construction industry through September 2020, examining construction spending, new residential construction and the well-being of small businesses.

A recent report published by the Center for Construction Research and Training notes that COVID-19 has had a “stark impact” on the U.S. economy and many industries, including construction. “Impact of COVID-19 on Construction Businesses and Productions,” published by researchers Samantha Brown, MPH, Raina D. Brooks, MPH, Xiuwen Sue Dong, DrPH, found that while stay-at-home orders aided in “flattening the curve,” they had stark impacts on U.S. workers and businesses, including construction.

The pandemic hit some sectors of the construction industry harder than others, researchers reported. Overall construction spending dropped $68.4 billion from January to May and increased by $44.7 billion from May to September in 2020, remaining about $23.7 billion below January … Read more...

ESGs, Sustainable Development and What the Pandemic of 2020 Revealed

ESGs and Sustainable Development

Covid 19 and its global impact has focused attention both on the strains imposed on our health systems and the ability of those systems to respond to the challenges presented by the virus and the interconnecting of people and travel that have acted as vectors in the spread of the disease. The pandemic also served to emphasise the vulnerability of people and societies, and to shed light on the relationship between people and the planet.

Our world, and the diversity of ecosystems it supports, is threatened by deforestation, pollution, greenhouse gas emissions, draining of wetlands, climate change, globalization and other factors of modern life. As noted by World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus in an address to the 73rd World Health Assembly on May 18, 2020: “The pandemic is a reminder of the intimate and delicate relationship between people and planet. Any efforts to make our world safer … Read more...