WASHINGTON (Jan. 28, 2021) —The United States economy expanded at an annualized 4.0% rate in the fourth quarter of 2020 as the nation’s recovery from last spring’s economic devastation continued. Nonresidential investment in structures increased at a 3.0% annualized rate in the fourth quarter.

The 46th president of the United States, Joe Biden, has been in office for less than a week, and he has already made several key changes—including signing 15 executive orders on his first day in the White House. Here's a quick recap of changes that affect the construction industry: