Construction Industry Trends 101: How Economic Pressures Will Influence Future Projects

The construction industry isn’t recession-proof. At this year’s International Builders Show in January, the buzz was about low interest rates and a strong economy, promising a bright future for the construction market. That was before the global COVID-19 pandemic took hold. Now, new economic pressures are shaping construction industry trends, and suddenly, a downturn in the economy is looming and the future is much less certain.

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COVID-19 & Construction: 3 Optimisms for the Data Center Sector

The novel coronavirus, COVID-19, has created an economic whirlwind affecting multiple industries across the globe. With businesses and their employees taking necessary precautions to battle the spread, each state invoking differing orders of shelter-in-place, mandatory restrictions placed on travel, and non-essential businesses closed, the global economy has been put on pause. With the threat of a global recession on the horizon, experts are predicting negative growth for the United States markets in the first quarter of 2020, and an even more impactful decline in the second quarter. These forecasts are causing urgent, understandable concerns for the construction industry, including those within the data center sector.

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