Corona Virus and Construction Costs

[Collin Chan]

Interesting thought came to mind.  Lots of contractors are paid by the hour or jobs.  The overall economy is slowing down.  I know there is still a need for housing the Bay Area so this might not be affected but any thoughts on how this market might impact construction costs as they tend to drop when the economy slows.  Any thoughts on if you think there might be a good time soon for doing a construction project?

[Dustin Allen]

Construction has been labeled  a critical industry by governments in my area. We are still working and fairly certain were not offering discounts. The need for construction is still great nationwide and will still be in high demand for years to come. Add in a continuing lack of skilled labor and I don’t see construction costs dropping.