We’re into Week 7 of APC’s COVID Survey, and not much is changing. No question, contractors and their industry continue to suffer through reduced revenue.
Is Revenue Up, Down or the Same?
Down.............. 69%
No Change..... 17%
Up.................. 14%
But our weekly survey (with data collected April 30-May 6) also reveals that contractors are eager to get back to work, and more importantly, ready to adapt to whatever new normal comes their way.
Only 9% of respondents anticipate a return to normal.
Rather, half of respondents expect a new normal marked by more restrictions on the jobsite, more staggered schedules among trades, greater physical distancing among workers, and greatly increased use of PPE equipment and jobsite cleaning practices.
APC would love to hear your thoughts, too – complete our new survey here.
What passes for good news is this: painting continues. And here are the sectors where contractors report revenue is holding steady, and in some cases even ticking up a bit:
Sector
Increase/No Change
Decrease
School Jobs
53%
47%
Gov't Jobs
50%
50%
Retail Jobs
47%
53%
Other Commercial
45%
55%
Healthcare Jobs
44%
56%
Multi-Family Ext
43%
57%
New Construction Comm
39%
61%
Resid. Exterior
39%
61%
New Construction Resid
35%
65%
Hotel Jobs
22%
78%
Multi-Family Interior
20%
80%
Restaurant Jobs
19%
81%
Res. Interior
18%
82%
Entertainment Jobs
14%
86%
The education sector holds the top spot for a 4th straight week.
Let’s end with some insight. People may not be able to stop a hurricane, but they can certainly choose how they respond. Many contractors in our survey are embracing new methods, new services and new directions, such as:
Virtual estimates and digital marketing
Greater focus on decks, pressure washing, cleaning and disinfecting services
Tell us about your plans by completing this week’s survey!
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