Contention 1 is Construction collapse Construction industry faces challenges despite infra bill Gregory, Senior vp – Wells Fargo, 2022. [
US construction on brink – federal infrastructure investment is the only hope
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| US construction on brink – federal infrastructure investment is the only hope
AG Metal Miner, Aug. 15, 2022. [By AG Metal Miner, MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends, strategies, and trade policies that will impact how you source and/or trade metals and related metals services, https://news.yahoo.com/china-construction-crisis-weighs-industrial-170000430.html China’s Construction Crisis Weighs On Industrial Metals Editor OilPrice.com Mon, August 15, 2022 at 12:00 PM·3 min read This month, the Construction MMI (Monthly MetalMiner Index) dropped yet again. However, it declined slightly less than those seen in previous months. Altogether, the index is down 4.60%. Industrial metal, in general, continues to struggle due to China’s COVID lockdowns and supply chain issues. Industrial Metal and the US’ 2022 Construction Roller Coaster Ride The US construction industry has had quite a year so far. In fact, a recent report attempted to demonstrate some of the trends, facts, and figures that affected the industry over the course of the pandemic. In general, the trends are up and down. However, despite a slow start to the year, the sector still anticipates 4.5% growth by the end of 2022. Of course, there’s no shortage of roadblocks standing in the way. Increasing production costs over the past six months, limited industrial metal supplies, and smelter shut-downs in places like China are just some of the obstacles with which the US construction industry continues to grapple. However, this does not mean the projected growth numbers are out of reach. In fact, in July alone, the US construction industry recently added nearly 32,000 jobs. Meanwhile, cities like New York City, Los Angeles, and San Francisco continue to expand at a rapid pace. That said, materials and real estate costs remain high. And even though US construction job openings are numerous, they aren’t necessarily filling up quickly. Indeed, a recent article noted that the number of unclaimed jobs could soon hit a breaking point. Last year, some 40% of these construction industry jobs remained unclaimed. The US Construction Industry is Hanging its Hat on the ILJA The passage of the landmark Infrastructure Investment and Jobs Act represents a $1 trillion revenue opportunity for US Construction and engineering firms. In fact, data on global construction initiatives recently predicted that infrastructure will replace residential as the primary focus of US contractors. Download 38.76 Kb. Share with your friends:
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