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Single-family home construction during COVID: Which states fared best?

Posted by   /  July 10, 2020  /  No Comments

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By Yuka Kato | FIXr

Many industries have felt a slow down or some form of an economic impact in the second quarter of 2020 due to the arrival of the COVID-19 pandemic. With widespread shutdowns and stay at home orders, many states had to prioritize only essential businesses to help keep people safe.

Home construction is considered an essential business, however, which means that most construction works, builders, and tradespeople were still at work while many others were suddenly working from home. So, while there was a major economic impact and recession across the country due to the coronavirus, in many ways the home construction industry was not nearly as impacted as some sectors. According to Census data, several states still showed a positive growth rate in the construction industry during the time period from March to May, even while other industries registered losses.

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