Construction forecast outlines road to recovery

The extreme economic swings of the past year will stabilize in 2021, but some construction sectors will suffer major declines in the number and value of projects started, according to a new economic forecast released by Dodge Data & Analytics, a market research firm headquartered in Hamilton, New Jersey. The firm’s report, the 2021 Dodge Construction Outlook, slaps a 14 percent decline in overall construction starts in dollar value for 2020 but predicts an increase of 4 percent for 2021. This expected growth is on track to equal 2018 and 2019 rates, although at lower spending levels; just $771

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