Lisa R. Godlewski

Lisa R. Godlewski

AGMA

Associated General Contractors of America Present Economic Outlook

On December 3, 2020 the Associated General Contractors of America presented their economic outlook for the industry. AGMA members will receive a copy of that presentation via email when it becomes available. In the meantime, view the slide presentation here.

TAKEAWAYS:

Slower population growth means slower demand growth for most construction
• Permanent shift from retail to e-commerce/distribution structures
• More specialized and online healthcare facilities; fewer hospitals, nursing homes
• Continuing demand for K-12 but much less for higher ed construction
• Demand for restaurants should revive sooner than hotels, travel-related construction
• Not clear if offices will decentralize or remain in less demand
• No sign of change yet in urban/rural or state-to-state trends

 

 

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