For the first time since July 2017, the number of cranes in North American cities has decreased, according to Rider Levett Bucknall’s newest crane count. Although projects across North America have resumed after being stalled by coronavirus restrictions this spring, RLB’s report said “the pandemic-induced recession is expected to have far-reaching effects.” For example, lenders are less likely to provide support for large developments and projects in significantly impacted sectors like sports and hospitality. The RLB data is in line with other recent reports showing that construction starts in some U.S. metro areas have been negatively impacted by the COVID-19 outbreak. Starts in the top 20 metropolitan areas posted a decline of 22% through the first six months of 2020 compared to the same period a year ago, according to Dodge Data and Analytics.
https://www.constructiondive.com/news/report-crane-counts-in-north-american-cities-drop-for-first-time-since-201/586411/