2021 Annual Report & Forecast

The construction industry learned quickly that “essential” does not guarantee success. As governmental responses to the coronavirus pandemic threatened to extinguish hospitality and entertainment businesses, its labeling of construction as an “essential” business ensured that work could continue—if it was available.

Comparing 2020 as a business year to 2019 does not mean much, even less when measured against the extraordinary optimism of 12 short months ago. A thriving economy succumbed to the pandemic response. The business outlook for 2020 was “very good” to “good,” but the reality plummeted to “average” and “off.” READ FULL ARTICLE