We’ve all seen reports on how the construction industry has been doing over the last few turbulent months: the USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) dropped 26% from Q1 2020 to Q2 2020, and housing starts declined by 45% between February and May 2020, according to the US Census Bureau. These numbers are not a surprise to anyone. Many regions of the United States and Canada have been seriously hit by total or partial lockdowns and, where activity was able to resume early, new regulations were put in place to contain the propagation of the virus, adding more complexity to new and existing construction projects.
Most of these reports, however, provide a general perspective on construction activity without getting into details about how individual contractors are doing. The natural question for us here at Knowify was: how are small and medium contractors faring in this environment? This is certainly a question we can answer, at least from the perspective of the most forward-looking and efficient contractors that use technology like Knowify.
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