The U.S. residential construction industry was chugging right along in the first two and a half months of 2020 before COVID-19 derailed the progress. Most key housing indicators were up year on year, including starts, permits, existing home sales, and home values. Repair and remodeling expenditures also were up for the same period a year ago. It seemed like a strong year was in store for the industry. Then COVID-19 hit hard, with its related impact directly affecting residential construction activity and building products demand.
Industry participants are anxious to know where the market is headed — especially as the industry and economy realign from the impact of COVID-19. Principia’s Before and After COVID-19: Outlook for Residential Construction and Building Products provides an overview of the where the industry was prior to the pandemic and where the industry is headed as it recovers from the impact of COVID-19.
Information and data included in Principia’s outlook includes:
- Stay-at-Home and Shelter-in-Place restrictions impact on construction
- Housing permit trends
- Labor shortages and construction employment
- Impact of COVID-19 on new and repair & remodeling
- Overall impact of COVID-19 and outlook post-COVID-19
To download Principia’s Before and After COVID-19: Outlook for Residential Construction and Building Products click here.
If you would like more details or some specific guidance regarding your business and how we can assist, please contact us at 610-363-7815 or info@principiaconsulting.com.