U.S. Construction Market Disrupted by the Coronavirus Pandemic
The coronavirus (COVID-19) pandemic has already had major impact on the U.S. economy, and certain industries – including construction – are among the hardest hit. Throughout the nation, construction companies are experiencing the disruption of supplies from China, the world’s largest manufacturer. There are more than 150 manufacturing facilities In Wuhan that produce materials used by the construction industry. Construction firms in Singapore, for example, are already experiencing completion delays and project slowdowns because products and deliveries from subcontractors from China have come to a halt.