No industry contracted more during Michigan’s “lost decade” than construction.
The value of new construction, including homes, offices, factories, hospitals and schools, fell by more than half, from $21 billion in 2001 to $9.2 billion last year, as measured by state gross domestic product.
During the same period, Michigan lost 82,000 construction jobs, a 40 percent drop from the 205,000 construction jobs in the state at the end of 2000.
Bridge: Factory work drives slow Mich. recovery