A reliance on construction materials produced overseas has left U.S. contractors susceptible to long lead times and extreme price volatility, especially since the COVID-19 pandemic slowed global supply chains. About 32% of building materials come from outside the U.S., according to Marcum, a New York City-based accounting and advisory firm. The main building materials sourced outside of the United States are some of the most foundational materials used in construction. The make-it-here push raises issues for the construction industry and project owners, namely increased expenses. Many building groups have pushed back on the Biden administration’s onshoring initiative, claiming some materials simply aren’t available domestically at any price and will cause even more construction delays.
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