2020 U.S. and Canadian Construction Performances in Review

2020 Snapshot

U.S. construction starts contracted 18.3% in 2020, the largest percentage decline since the series began in 2005. This took new starts to $678 billion, their lowest level since 2015. Nonresidential building starts saw the largest contraction, down 31.9%, with especially big declines in the industrial and commercial segments. Civil engineering construction fell 19.1%, driven by big declines in energy-related sectors. Residential construction fell by a more modest 2.1%, as growth in single-family homebuilding was more than offset by a pullback in new construction of apartments and condos.

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