LBM Journal – March 27, 2020
Malvern, Pennsylvania — Principia Consulting has initiated COVID-19 coverage to track and calibrate the impact of the coronavirus on residential construction down to the zip code level. In a recent update, Principia provided interactive views of the rapidly changing market for new home construction. Future updates will also include remodeling and repair and specific building product category impacts from the coronavirus. This analysis is fluid, Principia says, and will continue to evolve as COVID-19 progresses throughout the country and government restrictions are added or lifted.
Cities and states throughout the country are issuing stay-at-home (SAH) and shelter-in-place (SIP) ordinances specifying which businesses, including construction, are essential and non-essential. These ordinances are having an ongoing effect on construction activity and building products demand.