As the economy continues to rapidly turn south; however, the commercial sector could be more vulnerable to a pullback. The hotel and retail sectors, in particular, appear to be most at risk.
Institutional construction; however, has seen a more noticeable reduction in the dollar value of planning projects. Our Dodge data collection staff is reporting that as government offices closed in some areas of the country it has become more challenging to reach local officials. This could be a short-term issue as government workers adjust to working from 德扑app安卓客户端home, but we cannot ignore the possibility that the public sector is becoming nervous about committing to future projects in the very uncertain economic environment. State and local governments are likely to come under increased economic stress this year as unemployed workers strain local safety nets and as tax revenues inevitably fall. To date, the pullback in institutional activity has been broad-based across regions.
While the events of last two weeks are unparalleled, the crisis is still in its very early days. The economic outlook hinges on how quickly containment efforts bear fruit. Fiscal stimulus, combined with the Federal Reserve’s recent moves, will also be key components that determine the trajectory of this recession. The effects will be felt strongly in the construction sector. To help you navigate these uncharted waters, Dodge Data & Analytics will continue to provide timely data and analysis.
: Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, size growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. Learn more at www.somethingwhimsy.com.
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