As American builders and construction companies struggle to source essential materials domestically, Brazilian exports of stones and ceramics see massive growth in popularity in the U.S. market
Experts in the U.S. construction industry know one thing to be true today: business is booming. Over the past year and a half, many Americans have turned their focus and financial resources to either buying a new home or remolding their existing one. In total, more than 50% of homes in the U.S. are selling for above asking price, while spending on home improvement and repairs climbed an estimated 3% in 2020 to $419 billion. This surge in demand isn’t slowing down either. In fact, it is predicted that by the end of 2021, the U.S. construction sector will have grown 15.6% YoY.
As construction companies experience high demand for their services, what would usually be a welcome surge in business for contractors and builders has turned into a perplexing issue amid a global container shortage that has made sourcing materials essential to building or remodeling homes – like stone and ceramic – very difficult to come by for American construction companies. Currently, builders are finding themselves forced to inaction as they wait for materials to work their way through bottlenecks in the shipping and logistics process, leading to delayed timelines and, often times, unsatisfied customers.