Orlando is expected to see significant construction volume decline in every market sector, with the healthcare industry being the only sector to not see a double-digit decline.
However, Orlando is expected to see rapid growth after the effects of the pandemic, which is in part due to the lack of any major trade labor shortages. Current material shortages are expected to ease in the near future, which should also aid in a quick recovery to the construction market in Orlando. As the largest single market sector in Orlando, residential construction will see significant growth to pre-pandemic levels in a few short years. Education and infrastructure will see similar levels of growth as the city recovers from the effects of COVID-19. The local economy has also been given a boost due to the opening of facilities throughout the city, which will buoy the construction market and restart projects that were paused due to the pandemic.