Impact of COVID-19 on construction businesses and productions

Brown, Samantha; Brooks, Raina D.; Dong, Xiuwen Sue

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Impact of COVID-19 on construction businesses and productions

November 2020
By Brown, Samantha ; Brooks, Raina D. ; Dong, Xiuwen Sue
Series: CPWR - Center for Construction Research and Training Publications

File Language:

English

Details

Personal Author:

Brown, Samantha ; Brooks, Raina D. ; Dong, Xiuwen Sue
Corporate Authors:

CPWR--The Center for Construction Research and Training ; National Institute for Occupational Safety and Health
Description:

This issue focuses on the economic impact of COVID-19 on the construction industry through September 2020, examining construction spending, new residential construction, and the well-being of small businesses. Key Findings: 1. U.S. GDP dropped 31% in the second quarter of 2020 and increased 33% in the third quarter, the largest quarterly fall and rise ever recorded. 2. Residential construction was hit harder than other construction subsectors: spending dropped by $49.5 billion from January to May and surged by $71.3 billion from May to September. Over 60% of the fluctuation was in single-family home construction. 3. The impact of COVID-19 on construction businesses reduced after lockdowns lifted, with 16% reporting a large negative effect in October compared to 33% in April. 4. Construction businesses with less than five employees were more likely to report a large negative effect of COVID-19, yet less likely to receive federal financial assistance.

DataBulletin-November2020.pdf
Subjects:

Construction Industry Coronavirus Infections COVID-19 Health Status Disparities Minority Health Occupational Health Safety Management
Series:

CPWR - Center for Construction Research and Training Publications
Subseries:

Data Bulletin
Document Type:

Text
Funding:

NIOSH cooperative agreement OH 009762
Genre:

Report
CIO:

National Institute for Occupational Safety and Health (NIOSH)
Pages in Document:

6 numbered pages
NIOSHTIC Number:

nn:20061749
Collection(s):

National Institute for Occupational Safety and Health
Main Document Checksum:

urn:sha-512:06d43c442f2dcb4551ad58e54ecba908a90ed914b31ab95fbb374e7025ab9f637437b797b2cde36300e36161ca67bd43e9b2ace25f174ad275ddd1e8f5a15292
Download URL:

https://stacks.cdc.gov/view/cdc/115401/cdc_115401_DS1.pdf
File Type:

[PDF - 637.97 KB ]

File Language:

English

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