Executive Industry Trends
Strong economic fundamentals entering 2020 were overshadowed by the spread of COVID-19. Government actions taken to counteract the virus dramatically lowered economic activity as the country suffered the largest annualized GDP decline in U.S. history in the second quarter of 2020.
Construction designated as an “essential” sector throughout most of the country, allowing construction companies to continue to work although in the face of a multitude of disruptions.
Signs of economic fallout started to appear in late 1Q20 data but 2Q20 demonstrated a more comprehensive picture of the effects of the virus on economic barometers. Most metrics suffered their steepest declines in April and showed some improvement through June.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
10-Year Yield and Real Broad Dollar Index
Sector Focus
Building Materials
Government Consumption and Investment
Industrial Production Index and Commodity Input Price Index
Sector Roundup
Non-Residential Construction
Roads, Highways, and Bridges
Residential Construction