2020 COULD SEE CONSTRUCTION GROWTH THROTTLED
BY COSTS, LABOR AND BEARISH OWNERS
Next year could be a pivotal one for commercial construction, according to two of the industry’s top economists. The question is, though, which way will it pivot?
While there are several bright spots in the U.S. economy, including low interest rates, high consumer confidence and a pickup in residential construction, some indicators are pointing to a slowdown. For instance, the U.S. gross domestic product fell from 3% in the first quarter to 1.9% in the third.