The construction industry is girded up for a stretch of excruciatingly slow forward motion

Icarus would have an opinion on where the construction industry finds itself these days. It was soaring nicely until the fireball that is COVID-19 burned up the hard-won gains: in Q1 2020, it contributed over $900 billion to the national economy and by February employed 7.64 million people, scaling heights not reached since 2008. By year’s end the industry had shed $60.9 billion in GDP and around 1 million total jobs. Two years of GDP growth and four years of better job numbers vanished in a flash.

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