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...It will take several years to build, said analysts, while construction of TSMC’s fabrication plant in Arizona has been delayed as the world’s leading contract chipmaker struggles with US approaches to construction...
...“The focus in the United States is networks, and networks are based on the regulation of the states, not dependent on federal authorities at all,” he said....
...A version of this article was first published by Nikkei Asia on April 4 2024. ©2024 Nikkei Inc. All rights reserved....
...The deal will greatly expand Home Depot’s reach among contractors and builders....
...Rising costs squeeze the profitability of developers who need a steady sales pipeline to finance more supply....
...“Trump was honest, he might have been vocal but he was very honest,” said Joe Cyran, a 73-year-old builder who has erected pro-Trump signs outside his business....
...Builders cited cutbacks to residential development projects and a general slowdown in business due to unfavourable market conditions....
...The brewers, butchers, local builders, steel-mill magnates, property tycoons and pawnshop operators who were among the earlier generation of football club owners have largely been replaced in recent times...
...In a market where the major housebuilders account for about three-quarters of private construction, hopes of more supply to help bring prices down rest on a sector that builds only when it sees prices rising...
...“Bottom line: supply is short, demand is returning to affordable offerings, and builders will need to produce more homes to fill the void,” Lennar executive chair Stuart Miller said on the Miami-based builder...
...Addressing skills shortages, supply chain challenges, and competition in the construction sector is crucial....
...“Much of the semiconductor supply chain . . . is concentrated in a couple of Asian locations, and that leaves the US supply chain incredibly vulnerable to disruption,” said Raimondo, adding that the new...
...“However, there is only so much port capacity available and this will leave supply chains vulnerable to any further pressure.”...
...For example, their methodology points to more supply constraints in the United States than in the United Kingdom. This feels odd. And most markets don’t screen as overvalued....
...Morale was particularly low in construction, with the sector’s current and future sentiment at its lowest level since September 2005 and with about half of builders expecting business to deteriorate further...
...Positive developments for first-time buyers are also emerging in the new construction market....
...Homebuilder confidence this month dropped to its lowest level since January as higher rates drove some buyers away and raised construction costs, the National Association of Home Builders said....
...This points to a worsening supply squeeze....
...The slowdown in construction activity has been driven by interest rate rises, which have increased the cost of borrowing, hitting builders and dampening demand for housing, according to analysts....
...While Halifax attributed the December increase to a shortage of properties on sale, the house price and PMI figures add to evidence that the property market is improving as mortgage rates fall and builders...
...Kelly Boorman, partner and national head of construction at RSM UK, said: “The scrapping of HS2 will undoubtedly derail the pipeline of future activity for many contractors and their supply chain....
...The Biden administration, moreover, has touted “friendshoring”, or focusing supply chains on allies. Friendshoring ought to go both ways....
...Nearly 90 per cent of construction companies are struggling to hire workers, according to Associated Builders and Contractors, a US industry lobbying group....
...chain vulnerabilities at seaports in the United States”....
...European natural gas prices jumped after workers at LNG facilities in Australia, a key liquefied natural gas exporter, began strike action, fuelling fears of disruption to global supplies....
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