After a slow start to the year, 2021 is proving to be something of a boom for construction in the Twin Cities. This is due to the residential and infrastructure sectors seeing a lot more activity than expected, as well as a successful vaccine rollout.
Construction employment has made almost a full recovery, as has the general unemployment rate. Many of the city’s office workers have been able to adapt to remote work faster than anticipated.
Looking ahead, construction is expected to decline in the coming years. There doesn’t appear to be a single cause, rather it seems due to a mix of contracting demand for residential and commercial construction. New houses are beginning to meet demand, and big projects are nearing completion.