Despite some whipsaw employment numberswhich didn’t prove too detrimentalthe construction market in 2021 was “largely spared” from the pandemic recession, according to the annual research study conducted by the NAIOP Research Foundation.

According to the report, “in March and April 2020, the construction industry lost 1.1 million jobs, or 14.6% of employment; by November 2021, it added back 1 million jobs, leaving a deficit of 115,000 (1.5%) from the pre-recession peak. 

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