Some $4 billion worth of construction has halted, according to lender construction portfolio manager Built Technologies. :
If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! As the coronavirus pandemic is tightening its grip on the country’s economy, which has now reportedly tumbled into a recession, the construction industry is now facing intensifying headwinds that are rippling through the housing market as well as the financial sector.