By STEPHEN E. SANDHERR
Sandherr
Many of us were eager to see 2020 come to a close and welcome in the new year. There are many reasons to expect 2021 will be a more uplifting year, thanks in large part to the growing availability of coronavirus vaccines, yet there are also reasons why this year could prove challenging for the construction industry. Namely, the industry is facing a lot of difficult economic headwinds at the same time the political climate is taking a turn for the more challenging.
On the economic side, each year we survey our member firms on their expectations for labor and market conditions for the coming business year. According to the results of this 2021 Construction Hiring and Business Outlook, contractors expect the market for most types of construction to shrink in 2021 as the pandemic undermines demand for projects. The net reading the percentage of respondents who expect the available dollar value of projects to shrink compared to the percentage who
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