To track the impact of the coronavirus on residential construction and the LBM industry, Principia Consulting has created several interactive charts using up-to-date data on confirmed cases and building material demand. Using the data, the research and consulting firm estimated the impacts on supplier revenue across eight-building product categories, including how revenue is expected to differ in states with a high number of confirmed cases.
Tracing COVID-19 coverage to track and calibrate the impact of the coronavirus on residential construction and building products demand. This update provides interactive views of the rapidly changing data on confirmed cases by state and how it relates to demand building materials. Our next update will use scenarios to help predict the impact of construction restrictions and slowdowns of varying durations of the crisis. The ongoing group of analyses is fluid and will evolve as the crisis progresses in different areas of the country.
As of April 21, 2020, there were 823,634 confirmed coronavirus cases in the United States. The severity of the situation varies by state and even by county or city and its potential impact on shipments is detailed below.
Its an estimate of supplier revenue across eight-building product categories within our BuilderSeries suite of online data tools was $56.2 billion prior to the COVID-19 outbreak, with 12 states with an above-average caseload (more than 13,000 cases) accounting for $29.3 billion of building products demand. Our state-level analysis comparing demand data with confirmed case data highlights differences in potential virus impact by product category and between new construction versus repair & remodel. A few major takeaways include: