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Introduction to the Real Estate and Construction Industry, Business and Industry Trends Analysis

The real estate and construction sectors, including the many professions and fields associated with them, are among the larger components of the global economy.  As of early 2021, the U.S. Bureau of Labor estimated that 7.0 million Americans were employed in the construction industry (down from 7.3 million at the beginning of 2019, and down significantly from a peak of 7.6 million in 2007).  The agency also estimated that 1.7 million Americans were employed in the real estate industry as of early 2021 (essentially unchanged from 2020). Unfortunately, the Coronavirus pandemic of 2020 created many challenges in the real estate…

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