The ‘Covid-19 outbreak and the supply chain disruptions that followed prompted many U.S. manufacturers to abandon production in China and build new plants back home. Two years on, the trend continues unabated, Bloomberg and Yahoo! Finance both report. The construction of new manufacturing facilities in the US has soared 116% over the past year, dwarfing the 10% gain on all building projects combined, according to Dodge Construction Network. There are massive chip factories going up in Phoenix: Intel is building two just… Read More »U.S. Manufacturers Bring Production Home, Spurring Boom in Industrial Construction

Architecture and design firm Page has acquired EYP in a transaction that integrates the two businesses. EYP has 11 offices nationwide, and Page has 10, located in the U.S. as well as in Mexico and the United Arab Emirates. Bringing together our two firms allows us to work on increasingly complex projects that benefit from our expertise across disciplines and market sectors. Together, we’re bringing the most compelling, innovative designs and expertise to each project we pursue regardless of scope… Read More »Acquisition Results in New Multinational Architecture Firm

Following the Federal Reserve’s recent increase in interest rates, consumer confidence has plummeted, manufacturing imports have decreased, and housing markets are cooling. The rate hike is the largest since the 1980s, CNBC reports. A corresponding decline in consumer sentiment and spending has been followed more recently by a slowdown in purchases of home appliances, DIY products, and construction materials. On the flip side, demand for clothing and sporting goods remains strong, perhaps due to vacation, return-to-work, and back-to-school shopping. Spending… Read More »Is the Interest Rate Hike Slowing Sales of Construction Materials and Appliances?