Blog – Construction Sector Analysis and Commentary – August 2023
Summary:
The outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg.
While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction companies are expecting a severe supply shortage by mid-2025.
This slowdown is supported by statistics from the US Department of Housing and Urban Development (HUD) which received 506 applications as of May, eight months into fiscal year 2023, totalling US$12bn in Federal Housing Administration loans to construct multi-family developments. This is about half the volume of the same eight-month period in FY22 (940 applications for US$22bn) and less than one-third of the volume for the same stretch in FY21 (1739 applications for US$37bn).
The higher costs associated with inflation and rising interest rates are creating financial gaps making it hard for developers to complete below-market rental projects, resulting in significant delays, says Bloomberg.
Single-family construction starts slipped after a four-month run, down seven per cent in June, while applications for permits rose 2.2 per cent from May, according to the Census Bureau and HUD.
Source - https://www.cemnet.com/News/story/175467/us-construction-outlook-is-about-to-change-for-crh-and-others.html
Other links and sources
1. Biodiversity / Construction - https://coastcommunitynews.com.au/central-coast/news/2023/08/biodiversity-overhaul-could-pave-the-way-for-more-housing-construction/
2. CO2 embodying - https://www.linkedin.com/posts/algomaco_california-becomes-first-state-to-adopt-mandatory-activity-7095045267430809600-y2pV/
3. Green Cement - https://environmentjournal.ca/lafarge-canada-pilots-cleantech-project-to-support-sustainable-cement-production/
4. Building codes - https://www.buildinggreen.com/newsbrief/marin-county-first-adopt-low-carbon-concrete-code
5. Energy - https://www.armstrongceilings.com/commercial/en/performance/sustainable-building-design/embodied-carbon-in-buildings.html
6. Climate Change Risks - https://urbanland.uli.org/public/climate-risk-is-financial-risk-the-ever-evolving-landscape-of-climate-related-financial-disclosures/
7. Net Zero - https://www.esmagazine.com/articles/103351-the-path-to-net-zero-buildings-3-steps-to-turn-sustainability-ambition-into-action
8. Ports / Clean - https://www.bnnbloomberg.ca/ports-in-europe-lure-investors-into-clean-energy-gateway-plan-1.1966430
9. Broadband spending - https://ca.news.yahoo.com/broadcom-gives-downbeat-forecast-signaling-221519671.html
10. Construction materials - https://www.marketplace.org/2023/09/01/climate-change-is-making-home-construction-more-expe
Construction Spending and Outlook - The USA and the World - July 2023 - Analy...paul young cpa, cga
Blog – United States and the World Construction Analysis for July 2023
• US construction spending for June % versus 0.9% expected
• total construction spending $1,938.4 billion versus $1,929.6 billion last month
• Construction spending year on year +3.5% vs +2.4% prior
• private construction +0.5% vs +1.1% prior
• residential construction +0.9% vs +2.2% prior
• nonresidential construction 0.0% vs +0.3% prior
There is an ongoing building boom in certain sectors due to the IRA and CHIPS acts in the US. That could be augmented by a resurgence in residential construction in the coming year as builders grow increasingly confident that high rates won't result in a housing crash.
Source - https://www.forexlive.com/news/us-june-construction-spending-05-vs-06-expected-20230801/
Additional sources and links
Construction material costs - https://www.worldarchitecturenews.com/article/1832055/labour-shortages-rising-cost-materials-mean-architects-design-smarter - https://www.mpamag.com/ca/mortgage-industry/market-updates/residential-building-costs-increase-for-second-straight-quarter-statcan/454661
Green Cement - https://www.digitaljournal.com/pr/news/alliance-daily-newspaper/green-cement-and-concrete-market-to-set-an-explosive-growth-in-near-future-calera-corporation-ceratech-inc
Plug-in stations - https://www.reuters.com/sustainability/climate-energy/charging-infrastructure-biggest-bump-road-electric-vehicle-take-up-2023-08-01/
Flood mitigation - https://globalnews.ca/news/9870791/manitoba-government-funding-municipal-infrastructure-projects/
Green building - https://ts2.space/en/the-top-10-green-building-technologies-revolutionizing-the-construction-industry/
Mining and construction equipment - https://www.news-journal.com/construction-and-mining-equipment-market-size-to-grow-by-usd-62-13-billion-from-2022/article_418b3a50-5955-5f87-a9d4-5af60150c304.html
Data and AI - https://aecplustech.medium.com/top-ai-powered-tools-for-the-building-industry-3061df5e8315
Satellite imagery - https://geoawesomeness.com/harnessing-the-power-of-30cm-satellite-data-for-construction-mega-projects/
Geospatial - https://www.cfo.com/news/3-strategies-for-cfos-to-thrive-amid-economic-financial-uncertainty/689242/
Climate change - https://www.terramai.com/blog/building-materials-combat-climate-change/ or https://buildingspecifier.com/global-warming-challenges-with-opportunities-for-the-construction-industry/
Insurance risks and Construction – https://www.marsh.com/us/industries/construction /insights/construction-companies-turning-to-captives-to-overcome-challenging-conditions.html
Report card - https://infrastructurereportcard.org/
Construction Spending and Outlook - The USA and the World - June 2023 - Analy...paul young cpa, cga
Blog – Sector – Construction – What is next for the United States and Global Construction Sector – June 2023
Construction spending in the United States recorded $1.93 trillion in May, rising by 0.9% compared to the previous month's revised figure, the US Census Bureau revealed in a report on Monday. On an annual basis, the figure was 2.4% higher.
Spending on private construction came to $1.51 trillion, rising by 1.1% in comparison to the reading in April. Residential construction jumped by 2.2% to $857 billion in April, while non-residential construction rose 0.7% to $601 billion. Public construction came in at $656 billion, which is 0.3% lower in comparison to the last month's figure.
Construction expenditure reached $741 billion in the first five months of this year, an increase of 2.9% from the same period in 2022.
Source: https://breakingthenews.net/Article/US-construction-spending-up-by-0.9-in-May/60260184
Additional links and sources:
Cost of Construction Materials - https://canada.constructconnect.com/dcn/news/economic/2023/07/ici-construction-economys-saving-grace-this-year-and-in-2024-linesight
Infrastructure - https://www.tbsnews.net/analysis/chinas-23-trillion-infrastructure-plan-puts-americas-shame-399178
Supply chain resiliency - https://www.techradar.com/pro/how-resilient-is-your-supply-chain
LNG - https://pgjonline.com/news/2023/june/venture-global-lng-seeks-approval-to-speed-up-plant-construction
Lithium and Argentina - https://www.mining.com/web/argentina-to-begin-lithium-battery-production-in-sept/
GDP / Growth - https://www.advisorperspectives.com/commentaries/2023/07/03/2023-global-market-outlook-slowly-slowing
Climate Change - https://www.insurancejournal.com/magazines/mag-features/2023/07/03/727972.htm
Transit - https://www.slideshare.net/paulyoungcga/how-is-public-transit-doing-around-the-world-june-2023pptx
Clean Technology - https://ethicalmarketingnews.com/clean-energy-investment-is-extending-its-lead-over-fossil-fuels-boosted-by-energy-security-strengths
Affordable housing - https://www.intelligencer.ca/opinion/editorials/duplicitous-policymakers-talk-big-housing-game-fail-to-get-shovels-in-ground
Technology - https://webwriterspotlight.com/major-technology-trends-set-to-impact-business-the-most-in-2023
ESG - https://pictureperfectportfolios.com/the-rise-of-esg-investing-integrating-sustainability-into-your-portfolio/
Forestry management practices - https://sciencex.com/wire-news/449250988/radar-can-help-fight-wildfires-identify-flash-flood-risks.html or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-and-lumber-production-june-2023pptx or https://www.slideshare.net/paulyoungcga/global-mining-oil-and-gas-forestry-and-agriculture-analysis-and-commentary-june-2023pptx
Climate mitigation - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-impacts-of-climate-changepptx
Construction Spending and Outlook - The USA and the World - June 2023 - Analy...paul young cpa, cga
Blog – Construction Spending Analysis and Commentary – June 2023
Summary:
Details on Private and Public Construction Spending
Private construction spending was at a seasonally adjusted annual rate of $1,500.7 billion, an increase of 1.3 percent from the revised March estimate of $1,481.6 billion.
Within private construction, residential construction stood at an annual rate of $845.4 billion in April, marking a slight increase of 0.5 percent from the revised March estimate of $841.6 billion.
Nonresidential construction spending within the private sector was at an annual rate of $655.3 billion in April, an increase of 2.4 percent from the revised March estimate of $640.0 billion.
Public construction spending was estimated at a seasonally adjusted annual rate of $407.7 billion in April, up by 1.1 percent from the revised March estimate of $403.4 billion.
Within public construction, educational construction saw a minor decrease of 0.1 percent to an annual rate of $88.3 billion, compared to the revised March estimate of $88.4 billion.
Highway construction, also within the public sector, was at an annual rate of $124.7 billion in April, marking an increase of 1.3 percent from the revised March estimate of $123.1 billion.
There has been a lot of chatter about the lack of supply in the private housing market. With many homeowners locked in at much lower rates than the current near 7% level, the amount of existing homes on the market is still well below normal levels. New construction is more risky and takes time. Nevertheless, it is needed to get inventory levels back to more normal levels.
Source - https://www.forexlive.com/news/us-construction-spending-for-april-12-versus-a-02-expected-20230601/
Additional sources and links:
Construction costs - Falling material prices expected to reverse course | Construction Dive
Infrastructure - https://e.vnexpress.net/news/business/growth-outlook-for-logistics-transportation-remains-robust-vinacapital-4612805.html
ESG and Sustainability Reporting - https://www.martincurrie.com/canada/insights/moving-beyond-esg-stewardship,-sustainability-and-impact
Solar - https://www.technologyreview.com/2023/06/01/1073799/the-world-is-finally-spending-more-on-solar-than-oil-production/
Climate Change Mitigation - https://spice-spotlight.scot/2023/06/01/net-zero-what-does-it-mean-and-what-happens-afterwards/
Insurance Risks - https://www.nationalobserver.com/2023/06/02/news/insurance-giant-wont-sell-new-home-policies-california-over-wildfire-risks
Geospatial - https://www.geospatialworld.net/prime/business-and-industry-trends/geospatial-technology-sustainable-future-insights-and-innovations/
Technology - https://radixweb.com/blog/top-technology-trends
Construction Spending and Outlook - The USA and the World - April 2023 - Anal...paul young cpa, cga
Blog – Global Construction Spending Analysis for April 2023
Construction spending in the United States amounted to $1.83 trillion in May, increasing 0.3% compared to the previous month's revised figure, the US Census Bureau said in a report on Monday. On an annual basis, the number was 3.8% higher.
During the first three months of 2023, construction spending stood at $403.3 billion, rising 4.3% in comparison to the corresponding time span in the prior year.
Private construction spending was 0.3% higher month on month in March, amounting to $1.44 trillion, while public construction spending was $399.6 billion, up 0.2% on a monthly basis.
Source - https://www.nasdaq.com/articles/u.s.-construction-spending-unexpectedly-increases-in-march or https://www.teletrader.com/construction-spending-up-0-3-in-us-in-march/news/details/59912544?internal=1
Summary:
The S&P 500 Index recorded its best weekly gain since February, as fears seemed to abate about the new omicron variant of the coronavirus. Most of the benchmarks moved near their record highs, and the S&P Midcap 400 Index reached a new peak on Friday. Information technology stocks drove much of the rally, as solid gains in Apple pushed the market capitalization of the world’s most highly valued public company near USD 3 trillion. Shares of financial firms and utilities lagged but still recorded gains.
Source - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
1. Global Outlook - https://www.advisor.ca/news/economic/global-gdp-call-trimmed-as-rate-hikes-loom-larger/
2. Geopolitical risks - https://www.ey.com/en_gl/geostrategy/when-political-disruption-surrounds-you-whats-your-next-strategic-move
3. Dollar - https://www.bloomberg.com/news/articles/2021-12-10/canadian-dollar-underperforms-following-u-s-inflation-print
4. Inflation - https://ca.finance.yahoo.com/news/price-shock-meat-counter-worsens-183234485.html
5. AI and Data Center - https://www.zdnet.com/article/artificial-intelligence-runs-more-data-centers-but-still-wont-relieve-technology-staffing-woes/
6. Consumer spending - https://www.businessinsider.com/inflation-will-cool-next-year-discounts-supply-crisis-economist-outlook-2021-12
7. Small business - https://www.nasdaq.com/articles/small-business-outlook%3A-6-predictions-for-2022?amp
8. TD - https://economics.td.com/ca-weekly-bottom-line
9. Supply chain - https://www.gobankingrates.com/money/economy/end-to-supply-chain-issues-in-sight-2021-winds-down-experts-optimistic/
10. Debt – https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
11. ESG – V https://www.bloomberg.com/news/audio/2021-12-10/the-esg-mirage-podcast
Summary
• Concerns over housing debt and affordable housing are driving down markets
• Access to critical metals has become a growing concern for countries trying to shift to cleaner economic policies
• Rise of stagflation
• Supply chain disruptions continue to plague global supply chains
• High inflation is challenge for global central banks
• Threat of recession continues to rise each week
Summary:
U.S. stocks ended a volatile session little changed on Friday, but still logged steep weekly losses. The S&P 500 posted its longest weekly losing streak since the dot-com bubble burst, as concerns over tighter monetary policy and the resilience of the economy and corporate profits in the face of inflation resurged.
The blue-chip index closed out a choppy session higher by just 0.01% to settle at 3,901.36. This brought the index lower by 18.7% compared to its record closing high of 4,796.56 from Jan. 3 – bringing the S&P 500 within striking distance of a bear market, defined once an index closes at least 20% from a recent all-time closing high. On an intraday basis, the S&P 500 was down by as much as 20.6% compared to its Jan. 3 record closing high. The S&P 500 also posted a seventh consecutive weekly loss in its longest losing streak since 2001.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-may-20-2022-111628024.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACqTT5Esm_PVeWRfRK33yK9pxebWAq-eGdrY_TPEdRReq7P7YBlXW-98uVGR_dN-dXl7vE1payh-my8wRz3Q924kAFGcGpLBdZovWn2YIZkr5nmukk28vYkvmEe7Qb5J2UtbXIg8Ha9Z5jyDM1WdJHk2h3JpBPm8d9UWUQ3GqpR3
Construction Spending and Outlook - The USA and the World - July 2023 - Analy...paul young cpa, cga
Blog – United States and the World Construction Analysis for July 2023
• US construction spending for June % versus 0.9% expected
• total construction spending $1,938.4 billion versus $1,929.6 billion last month
• Construction spending year on year +3.5% vs +2.4% prior
• private construction +0.5% vs +1.1% prior
• residential construction +0.9% vs +2.2% prior
• nonresidential construction 0.0% vs +0.3% prior
There is an ongoing building boom in certain sectors due to the IRA and CHIPS acts in the US. That could be augmented by a resurgence in residential construction in the coming year as builders grow increasingly confident that high rates won't result in a housing crash.
Source - https://www.forexlive.com/news/us-june-construction-spending-05-vs-06-expected-20230801/
Additional sources and links
Construction material costs - https://www.worldarchitecturenews.com/article/1832055/labour-shortages-rising-cost-materials-mean-architects-design-smarter - https://www.mpamag.com/ca/mortgage-industry/market-updates/residential-building-costs-increase-for-second-straight-quarter-statcan/454661
Green Cement - https://www.digitaljournal.com/pr/news/alliance-daily-newspaper/green-cement-and-concrete-market-to-set-an-explosive-growth-in-near-future-calera-corporation-ceratech-inc
Plug-in stations - https://www.reuters.com/sustainability/climate-energy/charging-infrastructure-biggest-bump-road-electric-vehicle-take-up-2023-08-01/
Flood mitigation - https://globalnews.ca/news/9870791/manitoba-government-funding-municipal-infrastructure-projects/
Green building - https://ts2.space/en/the-top-10-green-building-technologies-revolutionizing-the-construction-industry/
Mining and construction equipment - https://www.news-journal.com/construction-and-mining-equipment-market-size-to-grow-by-usd-62-13-billion-from-2022/article_418b3a50-5955-5f87-a9d4-5af60150c304.html
Data and AI - https://aecplustech.medium.com/top-ai-powered-tools-for-the-building-industry-3061df5e8315
Satellite imagery - https://geoawesomeness.com/harnessing-the-power-of-30cm-satellite-data-for-construction-mega-projects/
Geospatial - https://www.cfo.com/news/3-strategies-for-cfos-to-thrive-amid-economic-financial-uncertainty/689242/
Climate change - https://www.terramai.com/blog/building-materials-combat-climate-change/ or https://buildingspecifier.com/global-warming-challenges-with-opportunities-for-the-construction-industry/
Insurance risks and Construction – https://www.marsh.com/us/industries/construction /insights/construction-companies-turning-to-captives-to-overcome-challenging-conditions.html
Report card - https://infrastructurereportcard.org/
Construction Spending and Outlook - The USA and the World - June 2023 - Analy...paul young cpa, cga
Blog – Sector – Construction – What is next for the United States and Global Construction Sector – June 2023
Construction spending in the United States recorded $1.93 trillion in May, rising by 0.9% compared to the previous month's revised figure, the US Census Bureau revealed in a report on Monday. On an annual basis, the figure was 2.4% higher.
Spending on private construction came to $1.51 trillion, rising by 1.1% in comparison to the reading in April. Residential construction jumped by 2.2% to $857 billion in April, while non-residential construction rose 0.7% to $601 billion. Public construction came in at $656 billion, which is 0.3% lower in comparison to the last month's figure.
Construction expenditure reached $741 billion in the first five months of this year, an increase of 2.9% from the same period in 2022.
Source: https://breakingthenews.net/Article/US-construction-spending-up-by-0.9-in-May/60260184
Additional links and sources:
Cost of Construction Materials - https://canada.constructconnect.com/dcn/news/economic/2023/07/ici-construction-economys-saving-grace-this-year-and-in-2024-linesight
Infrastructure - https://www.tbsnews.net/analysis/chinas-23-trillion-infrastructure-plan-puts-americas-shame-399178
Supply chain resiliency - https://www.techradar.com/pro/how-resilient-is-your-supply-chain
LNG - https://pgjonline.com/news/2023/june/venture-global-lng-seeks-approval-to-speed-up-plant-construction
Lithium and Argentina - https://www.mining.com/web/argentina-to-begin-lithium-battery-production-in-sept/
GDP / Growth - https://www.advisorperspectives.com/commentaries/2023/07/03/2023-global-market-outlook-slowly-slowing
Climate Change - https://www.insurancejournal.com/magazines/mag-features/2023/07/03/727972.htm
Transit - https://www.slideshare.net/paulyoungcga/how-is-public-transit-doing-around-the-world-june-2023pptx
Clean Technology - https://ethicalmarketingnews.com/clean-energy-investment-is-extending-its-lead-over-fossil-fuels-boosted-by-energy-security-strengths
Affordable housing - https://www.intelligencer.ca/opinion/editorials/duplicitous-policymakers-talk-big-housing-game-fail-to-get-shovels-in-ground
Technology - https://webwriterspotlight.com/major-technology-trends-set-to-impact-business-the-most-in-2023
ESG - https://pictureperfectportfolios.com/the-rise-of-esg-investing-integrating-sustainability-into-your-portfolio/
Forestry management practices - https://sciencex.com/wire-news/449250988/radar-can-help-fight-wildfires-identify-flash-flood-risks.html or https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-and-lumber-production-june-2023pptx or https://www.slideshare.net/paulyoungcga/global-mining-oil-and-gas-forestry-and-agriculture-analysis-and-commentary-june-2023pptx
Climate mitigation - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-impacts-of-climate-changepptx
Construction Spending and Outlook - The USA and the World - June 2023 - Analy...paul young cpa, cga
Blog – Construction Spending Analysis and Commentary – June 2023
Summary:
Details on Private and Public Construction Spending
Private construction spending was at a seasonally adjusted annual rate of $1,500.7 billion, an increase of 1.3 percent from the revised March estimate of $1,481.6 billion.
Within private construction, residential construction stood at an annual rate of $845.4 billion in April, marking a slight increase of 0.5 percent from the revised March estimate of $841.6 billion.
Nonresidential construction spending within the private sector was at an annual rate of $655.3 billion in April, an increase of 2.4 percent from the revised March estimate of $640.0 billion.
Public construction spending was estimated at a seasonally adjusted annual rate of $407.7 billion in April, up by 1.1 percent from the revised March estimate of $403.4 billion.
Within public construction, educational construction saw a minor decrease of 0.1 percent to an annual rate of $88.3 billion, compared to the revised March estimate of $88.4 billion.
Highway construction, also within the public sector, was at an annual rate of $124.7 billion in April, marking an increase of 1.3 percent from the revised March estimate of $123.1 billion.
There has been a lot of chatter about the lack of supply in the private housing market. With many homeowners locked in at much lower rates than the current near 7% level, the amount of existing homes on the market is still well below normal levels. New construction is more risky and takes time. Nevertheless, it is needed to get inventory levels back to more normal levels.
Source - https://www.forexlive.com/news/us-construction-spending-for-april-12-versus-a-02-expected-20230601/
Additional sources and links:
Construction costs - Falling material prices expected to reverse course | Construction Dive
Infrastructure - https://e.vnexpress.net/news/business/growth-outlook-for-logistics-transportation-remains-robust-vinacapital-4612805.html
ESG and Sustainability Reporting - https://www.martincurrie.com/canada/insights/moving-beyond-esg-stewardship,-sustainability-and-impact
Solar - https://www.technologyreview.com/2023/06/01/1073799/the-world-is-finally-spending-more-on-solar-than-oil-production/
Climate Change Mitigation - https://spice-spotlight.scot/2023/06/01/net-zero-what-does-it-mean-and-what-happens-afterwards/
Insurance Risks - https://www.nationalobserver.com/2023/06/02/news/insurance-giant-wont-sell-new-home-policies-california-over-wildfire-risks
Geospatial - https://www.geospatialworld.net/prime/business-and-industry-trends/geospatial-technology-sustainable-future-insights-and-innovations/
Technology - https://radixweb.com/blog/top-technology-trends
Construction Spending and Outlook - The USA and the World - April 2023 - Anal...paul young cpa, cga
Blog – Global Construction Spending Analysis for April 2023
Construction spending in the United States amounted to $1.83 trillion in May, increasing 0.3% compared to the previous month's revised figure, the US Census Bureau said in a report on Monday. On an annual basis, the number was 3.8% higher.
During the first three months of 2023, construction spending stood at $403.3 billion, rising 4.3% in comparison to the corresponding time span in the prior year.
Private construction spending was 0.3% higher month on month in March, amounting to $1.44 trillion, while public construction spending was $399.6 billion, up 0.2% on a monthly basis.
Source - https://www.nasdaq.com/articles/u.s.-construction-spending-unexpectedly-increases-in-march or https://www.teletrader.com/construction-spending-up-0-3-in-us-in-march/news/details/59912544?internal=1
Summary:
The S&P 500 Index recorded its best weekly gain since February, as fears seemed to abate about the new omicron variant of the coronavirus. Most of the benchmarks moved near their record highs, and the S&P Midcap 400 Index reached a new peak on Friday. Information technology stocks drove much of the rally, as solid gains in Apple pushed the market capitalization of the world’s most highly valued public company near USD 3 trillion. Shares of financial firms and utilities lagged but still recorded gains.
Source - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
1. Global Outlook - https://www.advisor.ca/news/economic/global-gdp-call-trimmed-as-rate-hikes-loom-larger/
2. Geopolitical risks - https://www.ey.com/en_gl/geostrategy/when-political-disruption-surrounds-you-whats-your-next-strategic-move
3. Dollar - https://www.bloomberg.com/news/articles/2021-12-10/canadian-dollar-underperforms-following-u-s-inflation-print
4. Inflation - https://ca.finance.yahoo.com/news/price-shock-meat-counter-worsens-183234485.html
5. AI and Data Center - https://www.zdnet.com/article/artificial-intelligence-runs-more-data-centers-but-still-wont-relieve-technology-staffing-woes/
6. Consumer spending - https://www.businessinsider.com/inflation-will-cool-next-year-discounts-supply-crisis-economist-outlook-2021-12
7. Small business - https://www.nasdaq.com/articles/small-business-outlook%3A-6-predictions-for-2022?amp
8. TD - https://economics.td.com/ca-weekly-bottom-line
9. Supply chain - https://www.gobankingrates.com/money/economy/end-to-supply-chain-issues-in-sight-2021-winds-down-experts-optimistic/
10. Debt – https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
11. ESG – V https://www.bloomberg.com/news/audio/2021-12-10/the-esg-mirage-podcast
Summary
• Concerns over housing debt and affordable housing are driving down markets
• Access to critical metals has become a growing concern for countries trying to shift to cleaner economic policies
• Rise of stagflation
• Supply chain disruptions continue to plague global supply chains
• High inflation is challenge for global central banks
• Threat of recession continues to rise each week
Summary:
U.S. stocks ended a volatile session little changed on Friday, but still logged steep weekly losses. The S&P 500 posted its longest weekly losing streak since the dot-com bubble burst, as concerns over tighter monetary policy and the resilience of the economy and corporate profits in the face of inflation resurged.
The blue-chip index closed out a choppy session higher by just 0.01% to settle at 3,901.36. This brought the index lower by 18.7% compared to its record closing high of 4,796.56 from Jan. 3 – bringing the S&P 500 within striking distance of a bear market, defined once an index closes at least 20% from a recent all-time closing high. On an intraday basis, the S&P 500 was down by as much as 20.6% compared to its Jan. 3 record closing high. The S&P 500 also posted a seventh consecutive weekly loss in its longest losing streak since 2001.
Source - https://ca.finance.yahoo.com/news/stock-market-news-live-updates-may-20-2022-111628024.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACqTT5Esm_PVeWRfRK33yK9pxebWAq-eGdrY_TPEdRReq7P7YBlXW-98uVGR_dN-dXl7vE1payh-my8wRz3Q924kAFGcGpLBdZovWn2YIZkr5nmukk28vYkvmEe7Qb5J2UtbXIg8Ha9Z5jyDM1WdJHk2h3JpBPm8d9UWUQ3GqpR3
Summary:
For a moment this past week, the stock market felt like it was already there. On Thursday morning, the S&P 500 SPX +2.39% index, down 19.6% from its closing high, was inches from entering a bear market. The Nasdaq Composite COMP +3.82% , home to tech stocks that had driven the bull market, was plunging. Even Bitcoin BTCUSD –2.60% joined the pity party by breaking $29,000 and falling to near $25,000. Everything seemed on the verge of collapse.
But the market didn’t collapse. Instead, Federal Reserve Chairman Jerome Powell seemed to acknowledge that maybe the Fed wouldn’t be able to engineer a soft or soft-ish landing, as he had so confidently claimed after the May 4 policy meeting. Instead, he said that a recession was possible and largely out of the Fed’s control. For a Fed that was thought to be singularly focused on inflation—economic growth be damned—it was a small, if nuanced, shift, which traders seized on. From Thursday’s low through Friday’s close, the S&P 500 gained 4.3%, and even the ARK Innovation ARKK +11.82% exchange-traded fund (ticker: ARKK), home to so many beaten-down tech stocks, rallied 24%.
Source - https://www.barrons.com/articles/stocks-nearly-entered-a-bear-market-what-history-says-happens-next-51652488484
The stock market gained sharply on Friday, closing out the week with all three major indexes up over 5% for the week and snapping a three-week losing streak. New data showed the economy continued to slow, feeding investor enthusiasm and signaling inflation may be coming down and the Federal Reserve may ease its tight monetary policy.
The Nasdaq closed up 3.3%, the S&P 500 gained 3.1% and the Dow Jones Industrials closed up 2.7%.
Top gainers in the Dow Jones today, with gains of at least 5%, included Salesforce.com (CRM), Goldman Sachs (GS) and Boeing (BA).
The Russell 2000 index of small caps gained 3.1%. The Innovator IBD 50 ETF (FFTY), a bellwether for growth stocks, rose 1.6%.
Volume rose sharply on both the Nasdaq and the New York Stock Exchange due to rebalancing of the Russell indexes.
Source - https://www.investors.com/market-trend/stock-market-today/stock-market-closes-higher-snapping-3-week-losing-streak-fedex-salesforce-lead-gains/
The Dow Jones Industrial Average (DJI) gained 1% or 344.23 points to close at 34,564.59. Twenty-seven components of the 30-stock index ended in the green, one remained unchanged, while two closed in the red.
The tech-heavy Nasdaq Composite lost 2% or 272.02 points to finish at 13,643.59, driven by a tech rally.
The S&P 500 climbed 1.1% or 49.14 points to end at 4,446.59. Nine of the 11 broad sectors of the benchmark index closed in the green.
Source - https://ca.movies.yahoo.com/stock-market-news-apr-14-125312682.html
What is up with the Stock Market for WE - April 14 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis for Week-Ending April 14, 2023
Summary:
The Dow Jones Industrial Average fell Friday, but notched a positive week, as investors assessed a weak retail sales report that dented enthusiasm around a stronger-than-expected start to corporate earnings.
The 30-stock Dow
dropped 143.22 points, or about 0.42%, to 33,886.47. The S&P 500 fell 0.21% to 4,137.64. Meanwhile, the Nasdaq Composite
slid 0.35% to 12,123.47.
The Dow, however, notched its fourth-straight positive week, rising 1.2%. The S&P 500 and the Nasdaq, meanwhile, nabbed their fourth positive week in five. The broad-market index added 0.79% for the week, while the Nasdaq ticked higher by 0.29%.
Source - https://www.cnbc.com/2023/04/13/stock-market-today-live-updates.html
Additional Sources:
Lithium price and supply - https://www.investorsobserver.com/news/qm-news/4619971545111386
Oil Production - https://ca.finance.yahoo.com/news/us-import-prices-fall-more-130519523.html
LNG Production - https://www.investorsobserver.com/news/qm-pr/8458744909354243
GDP Growth - https://www.weforum.org/agenda/2023/04/imf-global-growth-weakest-in-30-years-top-economics-news-2023/
Sustainability and ESG - https://www.pionline.com/esg/sustainable-development-goals-are-slipping-our-grasp-un-official-warns
Food security and costs - https://www.vision.org/global-problems-global-solutions-part-3-what-shall-we-eat-and-drink-9418 or https://www.arabnews.com/node/2286996/business-economy
Housing - https://www.abc.net.au/news/2023-04-15/australia-economic-problems-inflation-housing-recession-solution/102225108
Technology trends - https://www.entrepreneur.com/leadership/the-top-5-challenges-for-tech-leaders-in-2023/449118 or https://markets.businessinsider.com/news/stocks/ai-labor-market-linkedin-economist-jobs-unemployment-chatgpt-fed-interest-2023-4
Global Debt - https://newsus.cgtn.com/news/2023-04-15/IMF-and-the-World-Bank-address-world-debt-issues--1j0EmFTZ4oU/index.html
Supply chain - https://www.scmr.com/article/dhl_supply_chain_facility_is_showcasing_how_automation_humans_can_coexist
Innovation - https://www.geekwire.com/2023/heres-how-startups-can-position-themselves-against-big-tech-in-the-generative-ai-race/
Summary:
The S&P gained 2.5%. The Nasdaq composite jumped 3.3% and the Dow Jones Industrial Average closed 1.8% higher. The small-cap Russell 2000 gained 2.7%. Volume was mixed, rising on the Nasdaq but falling on the New York Stock Exchange compared to the same time Thursday.
Meanwhile, the yield on the benchmark 10-year Treasury note slid to 2.74%. West Texas Intermediate crude oil rose again and was trading around $115 per barrel.
Positive inflation data was helping stocks end the week on a high note. Core personal consumption expenditures — the Federal Reserve's preferred inflation indicator — rose 4.9% in April, slower than March's 5.2% increase.
The inflation data "raised expectations that inflation is peaking," said economist Ed Yardeni. He said he still expects the Fed to raise interest rates by a half point in each of the next two meetings in June and July. "The S&P 500 should continue to move mostly sideways this year, consolidating its gains since the start of the bull market in 2009 and correcting the pandemic valuation excesses," he wrote in a social media post.
Source - https://www.investors.com/market-trend/stock-market-today/stock-market-extends-rally-as-key-inflation-rate-comes-in-lower-tesla-boeing-apple-lead-indexes/
The stock market sold off sharply Friday, as bond yields hit new highs, reflecting the Federal Reserve’s intent to rapidly hike short-term interest rates. The 2-year Treasury yield closed at a new multi-year high.
The Dow Jones Industrial Average closed down 981 points, or 2.8%, while the S&P 500 was down 2.8%. The Nasdaq Composite fell 2.6%. The Dow had its worst day since October 28, 2020.
Infrastructure and Construction| USA and the World| December 2021paul young cpa, cga
Summary:
U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects.
Higher labor and material construction costs are either delaying projects or causing issues with the cost of housing and other projects.
Source - https://money.usnews.com/investing/news/articles/2022-02-01/u-s-construction-spending-misses-expectations-in-december
1. Public infrastructure spending – https://www.whec.com/politics/how-much-of-infrastructure-bill-spending-actually-going-to-infrastructure/6378402/
2. State and local government - https://www.washingtonpost.com/business/2022/02/01/infrastructure-biden-cities-lobbying/
3. Power Grid - https://www.mckinsey.com/business-functions/operations/our-insights/global-infrastructure-initiative/voices/upgrade-the-grid-speed-is-of-the-essence-in-the-energy-transition
4. Belt road - https://www.scmp.com/economy/china-economy/article/3165794/chinas-belt-and-road-plans-face-new-eu-us-competition-space
5. Ports - https://prospect.org/economy/we-were-warned-about-the-ports/
6. Ports - https://www.unikie.com/en/expertise/maritime-smart-ports/
7. Infrastructure - https://www.fool.com/investing/stock-market/market-sectors/industrials/construction-stocks/infrastructure-stocks/
8. Construction spending - https://www.kitco.com/news/2022-02-01/U-S-construction-spending-misses-expectations-in-December.html
9. LNG - https://ca.finance.yahoo.com/news/global-gas-crisis-made-american-010000610.html
10. Public transportation - https://thecityfix.com/blog/3-ways-to-reimagine-public-transport-for-people-and-the-climate/
11. Road and fuel taxes - https://www.autocar.co.uk/car-news/business-government-and-legislation/mps-call-road-use-tax-replace-fuel-and-excise-duty
12. Oversight - https://pittsburgh.cbslocal.com/2022/02/01/pennsylvania-diverted-funding-bridges-and-roads/
13. Insurance risk - https://www.northbridgeinsurance.ca/blog/key-business-interruption-factors/
14. Construction - https://www.pbctoday.co.uk/news/energy-news/sustainable-construction-materials/105087/ and https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204c-eng.htm
What is up with the Stock Market for WE - April 22, 2023.pptxpaul young cpa, cga
Blog - Blog - Stock Market Analysis for the WE April 21 2023
Summary:
Stocks closed slightly higher on Friday afternoon as investors digested a final slate of corporate earnings and fresh economic data to close out the week.
The S&P 500 (^GSPC) rose 0.09%, while the Dow Jones Industrial Average (^DJI) rose 23.99 points, or 0.07%. The technology-heavy Nasdaq Composite (^IXIC) rose 0.11%.
All three major averages closed the week lower. The Dow had its worst week in six weeks, snapping a 4-week win streak
Source: https://www.cnbc.com/2023/04/20/stock-market-today-live-updates.html or https://finance.yahoo.com/stocks-end-week-lower-amid-earnings-strong-economic-data-stock-market-news-today-180717344.html or https://finance.yahoo.com/stocks-end-week-lower-amid-earnings-strong-economic-data-stock-market-news-today-180717344.html
Infrastructure and Construction| USA and the World| November 2021 paul young cpa, cga
Blog
There are many challenges facing the construction sector including rising costs.
All levels of government need to do a better job risk mitigation against floods and wildfires. https://www.thedenverchannel.com/news/360/colorado-wildfires-poor-forest-management-and-more-homes-leading-to-catastrophic-dilemma
1. Construction material costs – https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
2. Lumber costs - https://nahbnow.com/2022/01/latest-wave-of-rising-lumber-prices-adds-more-than-18600-to-the-price-of-a-new-home/
3. Road taxes - https://www.engadget.com/evs-outsell-gas-cars-norway-2021-185544342.html
4. Infrastructure spending - https://www.barrons.com/articles/infrastructure-investment-maximum-impact-51640814272
5. Ports - https://www.joc.com/port-news/us-ports/east-coast-ship-backlog-low-west-coast-diversions-rise_20211230.html
6. Risk Mitigation - https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/issues/magazine-issue/article/2022/01/how-to-make-infrastructure-more-resilient-against-climate-change
7. Construction contracts - https://www.tjsdd.com/how-to-account-for-change-orders/
8. Skills gap - https://www.abcwi.org/wisconsin-contractor-blog/constructions-2022-challenge-seizing-opportunities-in-a-tough-risk-environment/
9. Cement - https://gulfnews.com/business/markets/cement-prices-expected-to-increase-soon-1.241479
10. Costs - https://canada.constructconnect.com/dcn/news/labour/2021/12/volatile-material-prices-tight-labour-will-continue-to-press-construction-jll
Construction Spending and Outlook - USA and the World - July 2022.pptxpaul young cpa, cga
Summary:
Economists had expected construction spending to edge down by 0.1 percent compared to the 1.1 percent slump originally reported for the previous month.
The bigger than expected decrease in total construction spending came as spending on private construction slid by 0.8 percent to an annual rate of $1.424 trillion.
Spending on residential construction spending tumbled by 1.5 percent to a rate of $920.4 billion, more than offsetting a 0.4 percent increase in spending on non-residential construction to a rate of $503.9 billion.
Meanwhile, the report showed spending on public construction jumped by 1.5 percent to an annual rate of $353.1 billion, reflecting a 4.3 percent spike in spending on highway construction to a rate of $102.7 billion.
Source: https://www.nasdaq.com/articles/u.s.-construction-spending-drops-more-than-expected-in-july
Infrastructure and construction spending usa and the world - september 2021paul young cpa, cga
Total Construction
Construction spending during September 2021 was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5 percent (±1.0 percent)* below the revised August estimate of $1,582.0 billion. The September figure is 7.8 percent (±1.5 percent) above the September 2020 estimate of $1,459.3 billion. During the first nine months of this year, construction spending amounted to $1,177.5 billion, 7.1 percent (±1.0 percent) above the $1,099.8 billion for the same period in 2020.
1. Construction material index - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
2. Drop in lumber - https://www.ebmag.com/drop-in-lumber-didnt-help-building-construction-price-indexes-q3-2021/
3. Aluminum - https://tradingeconomics.com/commodity/aluminum
4. Infrastructure - https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html
5. Net Zero and Infrastructure - https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html
6. Levy and infrastructure - https://www.gihub.org/resources/showcase-projects/temporary-levy-to-finance-infrastructure-reconstruction-after-a-natural-disaster/
7. Red tape - https://www.bloomberg.com/news/articles/2021-10-31/blame-germany-s-red-tape-and-thrift-for-ailing-infrastructure
8. Innovation - https://www.bloomberg.com/news/articles/2021-10-31/blame-germany-s-red-tape-and-thrift-for-ailing-infrastructure
9. Steel - https://www.thehindubusinessline.com/markets/commodities/construction-automotive-recovery-to-drive-global-steel-demand-growth-45-this-year/article37207321.ece
10. Transit https://www.hilltimes.com/2021/11/01/tackling-transit-shortfalls-key-to-recovery/325317
a. Transit needs to re-look at its optimization model
b. We should not be building LRT that is not viable
c. We should be consolidating transit systems as part of better management of the flow
d. More adoption of clean technology for buses and trains.https://www.slideshare.net/paulyoungcga/how-is-transit-doing-in-canada-august-2021
Summary:
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with the upcoming Fed meeting in focus.
The major indexes sold off hard late last week, tumbling below key levels while recent breakouts failed dramatically. The Nasdaq plunged Friday to close below the low of its May 26 follow-through day, a very bearish signal. The current uptrend already was "under pressure" after Thursday's sell-off.
NetEase (NTES), Northrop Grumman (NOC), Eli Lilly (LLY), Albemarle (ALB) and Onsemi (ON) are all showing relative strength near buy points.
These are worthy for your watchlists, but investors should be wary of any new buys and instead reducing current exposure.
Source – https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-flashes-bearish-signals-what-to-do/
What is up with the Stock Market for WE - March 31 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis and Commentary for March 31, 2023
Summary:
Stocks rallied on Wall Street and closed out a winning March despite a long list of worries for investors.
The S&P 500 gained 1.4% Friday and rose 3.5% for the month, with tech stocks leading the way. The index also notched its second winning quarter in a row after tumbling through most of last year on worries about high interest rates.
Friday’s gains came after a report showed inflation slowed in February, though it was still high on a historical basis. A slowdown in inflation could give the Federal Reserve more leeway to take it easier on interest rates.
On Friday:
The S&P 500 rose 58.48 points, or 1.4%, to 4,109.31.
The Dow Jones Industrial Average rose 415.12 points, or 1.3%, to 33,274.15.
The Nasdaq composite rose 208.44 points, or 1.7% to 12,221.91.
The Russell 2000 index of smaller companies rose 34.10 points, or 1.9%, to 1,802.48.
For the week:
The S&P 500 is up 138.32 points, or 3.5%.
Source - https://finance.yahoo.com/news/stock-market-news-mar-31-133101707.html?.tsrc=rss or https://apnews.com/article/business-financial-markets-06ac46287feada1dc7be21a1d7c52bf8
Commodity prices continue to see wild swings - https://www.the-star.co.ke/business/kenya/2023-03-30-commodity-price-shifts-to-slow-growth-in-developing-nations--imf/
Farming continued to experience both high input costs and wild swings from various commodities – https://www.agriculture.com/news/business/fapri-farm-income-to-soften-as-commodity-prices-weaken
ESG and Sustainability Reporting - https://seekingalpha.com/article/4591490-breaking-down-basics-esg-reporting-standards-vs-frameworks
Geopolitical issues - https://www.reinsurancene.ws/global-growth-drivers-outweigh-elevated-geopolitical-and-economic-risks-marsh/
Mining sector - https://www.lexology.com/library/detail.aspx?g=e7f7304f-a900-4953-b709-415d4e822724
Global Debt - https://www.bbc.com/news/business-65140363 or https://infotel.ca/newsitem/household-debt-to-income-ratio-edges-lower-as-interest-payments-expand/it97302
Top technological trends - https://hrbrain.com/the-most-prevalent-it-trends-expected-in-2023/ or https://crazytechsolution.com/new-technology-trends-in-2023/
LNG - https://www.hellenicshippingnews.com/lng-tankers-heading-to-britain-belgium-the-netherlands-and-germany/
Circularity - https://climatetechreview.com/topolytics-ai-driven-solution-for-sustainable-waste-management/ or https://www.pwc.co.nz/insights-and-publications/2023-publications/unlocking-a-greener-gdp-through-a-circular-bioeconomy.html
Consumer spending - https://www.hellenicshippingnews.com/u-s-consumer-spending-retreats-in-february-inflation-cools/
Construction materials - https://www.crainscleveland.com/real-estate/construction-conditions-improving-cleveland-us
Innovation - https://www.hostinger.com/tutorials/most-creative-countries-online or
What is up with the Stock Market for WE - April 8 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis for the week-ending April 7, 2023
Summary:
Dow Jones futures will reopen Sunday evening. Futures rose slightly Friday while Treasury yields jumped after the March jobs report showed slowing hiring and wage growth but also declining unemployment. Meanwhile, Tesla (TSLA) cut U.S. prices on all its electric vehicles.
U.S. stock markets were closed Friday. The major indexes held up well in a holiday-shortened trading week, with midweek pullbacks looking healthy and normal. But many sectors and leading stocks sold off hard, including Tesla stock.
Google parent Alphabet (GOOGL) broke out Thursday. China e-commerce giant Alibaba (BABA) flashed an aggressive entry.
The video embedded in this article discusses the weekly market action and analyzed Google, BABA stock and Intuitive Surgical (ISRG).
Jobs Report
The Labor Department reported that nonfarm payrolls rose by 236,000, just below estimates for 240,000. That's down from February's revised 326,000.
Private payrolls rose just 189,000, well below views for 223,000. Manufacturing jobs unexpectedly dipped 1,000.
The jobless rate also surprised, dipping to 3.5%, back to long-term lows. However, the labor force participation rate climbed to a post-Covid high 62.6%.
Hourly earnings rose 0.3% vs. February, in line. The annual gain cooled to 4.2%, below views for 4.3% and the lowest in years. The three-month annualized wage gain slowed to 3.2%.
The average workweek unexpectedly shortened, to 34.4 hours.
Despite the slower wage gains and private hiring, the odds of a Fed rate hike in May jumped to 67% Thursday from 49% on Wednesday.
Source - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-jobs-report-tesla-cuts-u-s-ev-prices-again/
Additional sources:
Lithium - https://www.nerdwallet.com/article/investing/ev-investing-april2023 or https://www.motorbiscuit.com/not-so-green-the-rivian-hogs-enough-lithium-to-build-20-phevs/
Manufacturing - https://www.thehindu.com/business/Industry/manufacturing-pmi-at-three-month-high-in-march-sp-global-pmi/article66693993.ece
LNG outlook - https://www.fxempire.com/forecasts/article/natural-gas-forecast-us-lng-exports-rise-as-gas-flows-to-export-plants-increase-1328042
Oil Production - https://oilmanmagazine.com/opec-announces-production-cuts-sending-oil-price-upward/
Food Prices - https://www.euronews.com/2023/04/07/global-food-prices-drop-by-a-fifth-but-still-remain-too-high
Housing market - https://www.wsws.org/en/articles/2023/04/07/eceh-a07.html or https://www.msn.com/en-gb/money/other/the-worlds-largest-3d-printed-neighbourhood-launches-in-texas/ss-AA19BW4j#image=6 or https://www.newsweek.com/big-short-investor-warns-new-disaster-housing-market-1793235
Global debt - https://speculatorsanonymous.com/articles/wall-of-corporate-debt-maturing/
Agriculture - https://www.dtnpf.com/agriculture/web/AG/news/business-inputs/article/2023/04/06/can-farmers-feed-world-2050
Infrastructure and Construction Spending - USA and the World - February 2022....paul young cpa, cga
Construction spending during February 2022 was estimated at a seasonally adjusted annual rate of $1,704.4 billion, 0.5 percent (±0.7 percent)* above the revised January estimate of $1,695.5 billion. The February figure is 11.2 percent (±1.2 percent) above the February 2021 estimate of $1,533.3 billion. During the first two months of this year, construction spending amounted to $237.8 billion, 10.4 percent (±1.0 percent) above the $215.4 billion for the same period in 2021.
Summary:
For a moment this past week, the stock market felt like it was already there. On Thursday morning, the S&P 500 SPX +2.39% index, down 19.6% from its closing high, was inches from entering a bear market. The Nasdaq Composite COMP +3.82% , home to tech stocks that had driven the bull market, was plunging. Even Bitcoin BTCUSD –2.60% joined the pity party by breaking $29,000 and falling to near $25,000. Everything seemed on the verge of collapse.
But the market didn’t collapse. Instead, Federal Reserve Chairman Jerome Powell seemed to acknowledge that maybe the Fed wouldn’t be able to engineer a soft or soft-ish landing, as he had so confidently claimed after the May 4 policy meeting. Instead, he said that a recession was possible and largely out of the Fed’s control. For a Fed that was thought to be singularly focused on inflation—economic growth be damned—it was a small, if nuanced, shift, which traders seized on. From Thursday’s low through Friday’s close, the S&P 500 gained 4.3%, and even the ARK Innovation ARKK +11.82% exchange-traded fund (ticker: ARKK), home to so many beaten-down tech stocks, rallied 24%.
Source - https://www.barrons.com/articles/stocks-nearly-entered-a-bear-market-what-history-says-happens-next-51652488484
The stock market gained sharply on Friday, closing out the week with all three major indexes up over 5% for the week and snapping a three-week losing streak. New data showed the economy continued to slow, feeding investor enthusiasm and signaling inflation may be coming down and the Federal Reserve may ease its tight monetary policy.
The Nasdaq closed up 3.3%, the S&P 500 gained 3.1% and the Dow Jones Industrials closed up 2.7%.
Top gainers in the Dow Jones today, with gains of at least 5%, included Salesforce.com (CRM), Goldman Sachs (GS) and Boeing (BA).
The Russell 2000 index of small caps gained 3.1%. The Innovator IBD 50 ETF (FFTY), a bellwether for growth stocks, rose 1.6%.
Volume rose sharply on both the Nasdaq and the New York Stock Exchange due to rebalancing of the Russell indexes.
Source - https://www.investors.com/market-trend/stock-market-today/stock-market-closes-higher-snapping-3-week-losing-streak-fedex-salesforce-lead-gains/
The Dow Jones Industrial Average (DJI) gained 1% or 344.23 points to close at 34,564.59. Twenty-seven components of the 30-stock index ended in the green, one remained unchanged, while two closed in the red.
The tech-heavy Nasdaq Composite lost 2% or 272.02 points to finish at 13,643.59, driven by a tech rally.
The S&P 500 climbed 1.1% or 49.14 points to end at 4,446.59. Nine of the 11 broad sectors of the benchmark index closed in the green.
Source - https://ca.movies.yahoo.com/stock-market-news-apr-14-125312682.html
What is up with the Stock Market for WE - April 14 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis for Week-Ending April 14, 2023
Summary:
The Dow Jones Industrial Average fell Friday, but notched a positive week, as investors assessed a weak retail sales report that dented enthusiasm around a stronger-than-expected start to corporate earnings.
The 30-stock Dow
dropped 143.22 points, or about 0.42%, to 33,886.47. The S&P 500 fell 0.21% to 4,137.64. Meanwhile, the Nasdaq Composite
slid 0.35% to 12,123.47.
The Dow, however, notched its fourth-straight positive week, rising 1.2%. The S&P 500 and the Nasdaq, meanwhile, nabbed their fourth positive week in five. The broad-market index added 0.79% for the week, while the Nasdaq ticked higher by 0.29%.
Source - https://www.cnbc.com/2023/04/13/stock-market-today-live-updates.html
Additional Sources:
Lithium price and supply - https://www.investorsobserver.com/news/qm-news/4619971545111386
Oil Production - https://ca.finance.yahoo.com/news/us-import-prices-fall-more-130519523.html
LNG Production - https://www.investorsobserver.com/news/qm-pr/8458744909354243
GDP Growth - https://www.weforum.org/agenda/2023/04/imf-global-growth-weakest-in-30-years-top-economics-news-2023/
Sustainability and ESG - https://www.pionline.com/esg/sustainable-development-goals-are-slipping-our-grasp-un-official-warns
Food security and costs - https://www.vision.org/global-problems-global-solutions-part-3-what-shall-we-eat-and-drink-9418 or https://www.arabnews.com/node/2286996/business-economy
Housing - https://www.abc.net.au/news/2023-04-15/australia-economic-problems-inflation-housing-recession-solution/102225108
Technology trends - https://www.entrepreneur.com/leadership/the-top-5-challenges-for-tech-leaders-in-2023/449118 or https://markets.businessinsider.com/news/stocks/ai-labor-market-linkedin-economist-jobs-unemployment-chatgpt-fed-interest-2023-4
Global Debt - https://newsus.cgtn.com/news/2023-04-15/IMF-and-the-World-Bank-address-world-debt-issues--1j0EmFTZ4oU/index.html
Supply chain - https://www.scmr.com/article/dhl_supply_chain_facility_is_showcasing_how_automation_humans_can_coexist
Innovation - https://www.geekwire.com/2023/heres-how-startups-can-position-themselves-against-big-tech-in-the-generative-ai-race/
Summary:
The S&P gained 2.5%. The Nasdaq composite jumped 3.3% and the Dow Jones Industrial Average closed 1.8% higher. The small-cap Russell 2000 gained 2.7%. Volume was mixed, rising on the Nasdaq but falling on the New York Stock Exchange compared to the same time Thursday.
Meanwhile, the yield on the benchmark 10-year Treasury note slid to 2.74%. West Texas Intermediate crude oil rose again and was trading around $115 per barrel.
Positive inflation data was helping stocks end the week on a high note. Core personal consumption expenditures — the Federal Reserve's preferred inflation indicator — rose 4.9% in April, slower than March's 5.2% increase.
The inflation data "raised expectations that inflation is peaking," said economist Ed Yardeni. He said he still expects the Fed to raise interest rates by a half point in each of the next two meetings in June and July. "The S&P 500 should continue to move mostly sideways this year, consolidating its gains since the start of the bull market in 2009 and correcting the pandemic valuation excesses," he wrote in a social media post.
Source - https://www.investors.com/market-trend/stock-market-today/stock-market-extends-rally-as-key-inflation-rate-comes-in-lower-tesla-boeing-apple-lead-indexes/
The stock market sold off sharply Friday, as bond yields hit new highs, reflecting the Federal Reserve’s intent to rapidly hike short-term interest rates. The 2-year Treasury yield closed at a new multi-year high.
The Dow Jones Industrial Average closed down 981 points, or 2.8%, while the S&P 500 was down 2.8%. The Nasdaq Composite fell 2.6%. The Dow had its worst day since October 28, 2020.
Infrastructure and Construction| USA and the World| December 2021paul young cpa, cga
Summary:
U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects.
Higher labor and material construction costs are either delaying projects or causing issues with the cost of housing and other projects.
Source - https://money.usnews.com/investing/news/articles/2022-02-01/u-s-construction-spending-misses-expectations-in-december
1. Public infrastructure spending – https://www.whec.com/politics/how-much-of-infrastructure-bill-spending-actually-going-to-infrastructure/6378402/
2. State and local government - https://www.washingtonpost.com/business/2022/02/01/infrastructure-biden-cities-lobbying/
3. Power Grid - https://www.mckinsey.com/business-functions/operations/our-insights/global-infrastructure-initiative/voices/upgrade-the-grid-speed-is-of-the-essence-in-the-energy-transition
4. Belt road - https://www.scmp.com/economy/china-economy/article/3165794/chinas-belt-and-road-plans-face-new-eu-us-competition-space
5. Ports - https://prospect.org/economy/we-were-warned-about-the-ports/
6. Ports - https://www.unikie.com/en/expertise/maritime-smart-ports/
7. Infrastructure - https://www.fool.com/investing/stock-market/market-sectors/industrials/construction-stocks/infrastructure-stocks/
8. Construction spending - https://www.kitco.com/news/2022-02-01/U-S-construction-spending-misses-expectations-in-December.html
9. LNG - https://ca.finance.yahoo.com/news/global-gas-crisis-made-american-010000610.html
10. Public transportation - https://thecityfix.com/blog/3-ways-to-reimagine-public-transport-for-people-and-the-climate/
11. Road and fuel taxes - https://www.autocar.co.uk/car-news/business-government-and-legislation/mps-call-road-use-tax-replace-fuel-and-excise-duty
12. Oversight - https://pittsburgh.cbslocal.com/2022/02/01/pennsylvania-diverted-funding-bridges-and-roads/
13. Insurance risk - https://www.northbridgeinsurance.ca/blog/key-business-interruption-factors/
14. Construction - https://www.pbctoday.co.uk/news/energy-news/sustainable-construction-materials/105087/ and https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204c-eng.htm
What is up with the Stock Market for WE - April 22, 2023.pptxpaul young cpa, cga
Blog - Blog - Stock Market Analysis for the WE April 21 2023
Summary:
Stocks closed slightly higher on Friday afternoon as investors digested a final slate of corporate earnings and fresh economic data to close out the week.
The S&P 500 (^GSPC) rose 0.09%, while the Dow Jones Industrial Average (^DJI) rose 23.99 points, or 0.07%. The technology-heavy Nasdaq Composite (^IXIC) rose 0.11%.
All three major averages closed the week lower. The Dow had its worst week in six weeks, snapping a 4-week win streak
Source: https://www.cnbc.com/2023/04/20/stock-market-today-live-updates.html or https://finance.yahoo.com/stocks-end-week-lower-amid-earnings-strong-economic-data-stock-market-news-today-180717344.html or https://finance.yahoo.com/stocks-end-week-lower-amid-earnings-strong-economic-data-stock-market-news-today-180717344.html
Infrastructure and Construction| USA and the World| November 2021 paul young cpa, cga
Blog
There are many challenges facing the construction sector including rising costs.
All levels of government need to do a better job risk mitigation against floods and wildfires. https://www.thedenverchannel.com/news/360/colorado-wildfires-poor-forest-management-and-more-homes-leading-to-catastrophic-dilemma
1. Construction material costs – https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
2. Lumber costs - https://nahbnow.com/2022/01/latest-wave-of-rising-lumber-prices-adds-more-than-18600-to-the-price-of-a-new-home/
3. Road taxes - https://www.engadget.com/evs-outsell-gas-cars-norway-2021-185544342.html
4. Infrastructure spending - https://www.barrons.com/articles/infrastructure-investment-maximum-impact-51640814272
5. Ports - https://www.joc.com/port-news/us-ports/east-coast-ship-backlog-low-west-coast-diversions-rise_20211230.html
6. Risk Mitigation - https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/issues/magazine-issue/article/2022/01/how-to-make-infrastructure-more-resilient-against-climate-change
7. Construction contracts - https://www.tjsdd.com/how-to-account-for-change-orders/
8. Skills gap - https://www.abcwi.org/wisconsin-contractor-blog/constructions-2022-challenge-seizing-opportunities-in-a-tough-risk-environment/
9. Cement - https://gulfnews.com/business/markets/cement-prices-expected-to-increase-soon-1.241479
10. Costs - https://canada.constructconnect.com/dcn/news/labour/2021/12/volatile-material-prices-tight-labour-will-continue-to-press-construction-jll
Construction Spending and Outlook - USA and the World - July 2022.pptxpaul young cpa, cga
Summary:
Economists had expected construction spending to edge down by 0.1 percent compared to the 1.1 percent slump originally reported for the previous month.
The bigger than expected decrease in total construction spending came as spending on private construction slid by 0.8 percent to an annual rate of $1.424 trillion.
Spending on residential construction spending tumbled by 1.5 percent to a rate of $920.4 billion, more than offsetting a 0.4 percent increase in spending on non-residential construction to a rate of $503.9 billion.
Meanwhile, the report showed spending on public construction jumped by 1.5 percent to an annual rate of $353.1 billion, reflecting a 4.3 percent spike in spending on highway construction to a rate of $102.7 billion.
Source: https://www.nasdaq.com/articles/u.s.-construction-spending-drops-more-than-expected-in-july
Infrastructure and construction spending usa and the world - september 2021paul young cpa, cga
Total Construction
Construction spending during September 2021 was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5 percent (±1.0 percent)* below the revised August estimate of $1,582.0 billion. The September figure is 7.8 percent (±1.5 percent) above the September 2020 estimate of $1,459.3 billion. During the first nine months of this year, construction spending amounted to $1,177.5 billion, 7.1 percent (±1.0 percent) above the $1,099.8 billion for the same period in 2020.
1. Construction material index - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
2. Drop in lumber - https://www.ebmag.com/drop-in-lumber-didnt-help-building-construction-price-indexes-q3-2021/
3. Aluminum - https://tradingeconomics.com/commodity/aluminum
4. Infrastructure - https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html
5. Net Zero and Infrastructure - https://www.cnn.com/2021/07/28/politics/infrastructure-bill-explained/index.html
6. Levy and infrastructure - https://www.gihub.org/resources/showcase-projects/temporary-levy-to-finance-infrastructure-reconstruction-after-a-natural-disaster/
7. Red tape - https://www.bloomberg.com/news/articles/2021-10-31/blame-germany-s-red-tape-and-thrift-for-ailing-infrastructure
8. Innovation - https://www.bloomberg.com/news/articles/2021-10-31/blame-germany-s-red-tape-and-thrift-for-ailing-infrastructure
9. Steel - https://www.thehindubusinessline.com/markets/commodities/construction-automotive-recovery-to-drive-global-steel-demand-growth-45-this-year/article37207321.ece
10. Transit https://www.hilltimes.com/2021/11/01/tackling-transit-shortfalls-key-to-recovery/325317
a. Transit needs to re-look at its optimization model
b. We should not be building LRT that is not viable
c. We should be consolidating transit systems as part of better management of the flow
d. More adoption of clean technology for buses and trains.https://www.slideshare.net/paulyoungcga/how-is-transit-doing-in-canada-august-2021
Summary:
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with the upcoming Fed meeting in focus.
The major indexes sold off hard late last week, tumbling below key levels while recent breakouts failed dramatically. The Nasdaq plunged Friday to close below the low of its May 26 follow-through day, a very bearish signal. The current uptrend already was "under pressure" after Thursday's sell-off.
NetEase (NTES), Northrop Grumman (NOC), Eli Lilly (LLY), Albemarle (ALB) and Onsemi (ON) are all showing relative strength near buy points.
These are worthy for your watchlists, but investors should be wary of any new buys and instead reducing current exposure.
Source – https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-flashes-bearish-signals-what-to-do/
What is up with the Stock Market for WE - March 31 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis and Commentary for March 31, 2023
Summary:
Stocks rallied on Wall Street and closed out a winning March despite a long list of worries for investors.
The S&P 500 gained 1.4% Friday and rose 3.5% for the month, with tech stocks leading the way. The index also notched its second winning quarter in a row after tumbling through most of last year on worries about high interest rates.
Friday’s gains came after a report showed inflation slowed in February, though it was still high on a historical basis. A slowdown in inflation could give the Federal Reserve more leeway to take it easier on interest rates.
On Friday:
The S&P 500 rose 58.48 points, or 1.4%, to 4,109.31.
The Dow Jones Industrial Average rose 415.12 points, or 1.3%, to 33,274.15.
The Nasdaq composite rose 208.44 points, or 1.7% to 12,221.91.
The Russell 2000 index of smaller companies rose 34.10 points, or 1.9%, to 1,802.48.
For the week:
The S&P 500 is up 138.32 points, or 3.5%.
Source - https://finance.yahoo.com/news/stock-market-news-mar-31-133101707.html?.tsrc=rss or https://apnews.com/article/business-financial-markets-06ac46287feada1dc7be21a1d7c52bf8
Commodity prices continue to see wild swings - https://www.the-star.co.ke/business/kenya/2023-03-30-commodity-price-shifts-to-slow-growth-in-developing-nations--imf/
Farming continued to experience both high input costs and wild swings from various commodities – https://www.agriculture.com/news/business/fapri-farm-income-to-soften-as-commodity-prices-weaken
ESG and Sustainability Reporting - https://seekingalpha.com/article/4591490-breaking-down-basics-esg-reporting-standards-vs-frameworks
Geopolitical issues - https://www.reinsurancene.ws/global-growth-drivers-outweigh-elevated-geopolitical-and-economic-risks-marsh/
Mining sector - https://www.lexology.com/library/detail.aspx?g=e7f7304f-a900-4953-b709-415d4e822724
Global Debt - https://www.bbc.com/news/business-65140363 or https://infotel.ca/newsitem/household-debt-to-income-ratio-edges-lower-as-interest-payments-expand/it97302
Top technological trends - https://hrbrain.com/the-most-prevalent-it-trends-expected-in-2023/ or https://crazytechsolution.com/new-technology-trends-in-2023/
LNG - https://www.hellenicshippingnews.com/lng-tankers-heading-to-britain-belgium-the-netherlands-and-germany/
Circularity - https://climatetechreview.com/topolytics-ai-driven-solution-for-sustainable-waste-management/ or https://www.pwc.co.nz/insights-and-publications/2023-publications/unlocking-a-greener-gdp-through-a-circular-bioeconomy.html
Consumer spending - https://www.hellenicshippingnews.com/u-s-consumer-spending-retreats-in-february-inflation-cools/
Construction materials - https://www.crainscleveland.com/real-estate/construction-conditions-improving-cleveland-us
Innovation - https://www.hostinger.com/tutorials/most-creative-countries-online or
What is up with the Stock Market for WE - April 8 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis for the week-ending April 7, 2023
Summary:
Dow Jones futures will reopen Sunday evening. Futures rose slightly Friday while Treasury yields jumped after the March jobs report showed slowing hiring and wage growth but also declining unemployment. Meanwhile, Tesla (TSLA) cut U.S. prices on all its electric vehicles.
U.S. stock markets were closed Friday. The major indexes held up well in a holiday-shortened trading week, with midweek pullbacks looking healthy and normal. But many sectors and leading stocks sold off hard, including Tesla stock.
Google parent Alphabet (GOOGL) broke out Thursday. China e-commerce giant Alibaba (BABA) flashed an aggressive entry.
The video embedded in this article discusses the weekly market action and analyzed Google, BABA stock and Intuitive Surgical (ISRG).
Jobs Report
The Labor Department reported that nonfarm payrolls rose by 236,000, just below estimates for 240,000. That's down from February's revised 326,000.
Private payrolls rose just 189,000, well below views for 223,000. Manufacturing jobs unexpectedly dipped 1,000.
The jobless rate also surprised, dipping to 3.5%, back to long-term lows. However, the labor force participation rate climbed to a post-Covid high 62.6%.
Hourly earnings rose 0.3% vs. February, in line. The annual gain cooled to 4.2%, below views for 4.3% and the lowest in years. The three-month annualized wage gain slowed to 3.2%.
The average workweek unexpectedly shortened, to 34.4 hours.
Despite the slower wage gains and private hiring, the odds of a Fed rate hike in May jumped to 67% Thursday from 49% on Wednesday.
Source - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-jobs-report-tesla-cuts-u-s-ev-prices-again/
Additional sources:
Lithium - https://www.nerdwallet.com/article/investing/ev-investing-april2023 or https://www.motorbiscuit.com/not-so-green-the-rivian-hogs-enough-lithium-to-build-20-phevs/
Manufacturing - https://www.thehindu.com/business/Industry/manufacturing-pmi-at-three-month-high-in-march-sp-global-pmi/article66693993.ece
LNG outlook - https://www.fxempire.com/forecasts/article/natural-gas-forecast-us-lng-exports-rise-as-gas-flows-to-export-plants-increase-1328042
Oil Production - https://oilmanmagazine.com/opec-announces-production-cuts-sending-oil-price-upward/
Food Prices - https://www.euronews.com/2023/04/07/global-food-prices-drop-by-a-fifth-but-still-remain-too-high
Housing market - https://www.wsws.org/en/articles/2023/04/07/eceh-a07.html or https://www.msn.com/en-gb/money/other/the-worlds-largest-3d-printed-neighbourhood-launches-in-texas/ss-AA19BW4j#image=6 or https://www.newsweek.com/big-short-investor-warns-new-disaster-housing-market-1793235
Global debt - https://speculatorsanonymous.com/articles/wall-of-corporate-debt-maturing/
Agriculture - https://www.dtnpf.com/agriculture/web/AG/news/business-inputs/article/2023/04/06/can-farmers-feed-world-2050
Infrastructure and Construction Spending - USA and the World - February 2022....paul young cpa, cga
Construction spending during February 2022 was estimated at a seasonally adjusted annual rate of $1,704.4 billion, 0.5 percent (±0.7 percent)* above the revised January estimate of $1,695.5 billion. The February figure is 11.2 percent (±1.2 percent) above the February 2021 estimate of $1,533.3 billion. During the first two months of this year, construction spending amounted to $237.8 billion, 10.4 percent (±1.0 percent) above the $215.4 billion for the same period in 2021.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Construction Spending and Outlook - The USA and the World - August 2023.pptx
1. INFRASTRUCTURE AND
CONSTRUCTION
SPENDING – THE USA AND
THE WORLD
Paul Young CPA CGA
Senior Customer Success
Manager – Data and AI and
Business Strategist
September 2, 2023
2. PAUL YOUNG – BIO
CPA CGA
SENIOR CUSTOMER SUCCESS MANAGER –
DATA AND AI AND BUSINESS STRATEGIST
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – ESG and Sustainability Reporting &
Policy Development
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul.young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
3. AGENDA
• Infrastructure
• Construction Spending - USA
• Permits – Canada
• Infrastructure gap
• Supply chain issues
• Monitoring assets and risk mitigation
• Residential financial statements
• Construction company financial statements
• Summary
PRESENTATION TITLE 2/11/20XX 3
4. WE FORUM / FOCUS OF INFRASTRUCTURE
Source - https://www.weforum.org/agenda/2021/01/four-big-infrastructure-trends-for-2021/
PRESENTATION TITLE 2/11/20XX 4
5. GLOBAL INFRASTRUCTURE – ROAD
INFRASTRUCTURE
PRESENTATION TITLE 2/11/20XX 5
Source - https://www.nationmaster.com/nmx/ranking/road-infrastructure-spending
6. WORLD
INFRASTRUCTU
RE SPENDING
• Source -
https://documents.worldbank.org/
en/publication/documents-
reports/documentdetail/97057154
9037261080/hitting-the-trillion-
mark-a-look-at-how-much-
countries-are-spending-on-
infrastructure or
https://www.weforum.org/agenda/
2019/04/infrastructure-gap-heres-
how-to-solve-it/
PRESENTATION TITLE 2/11/20XX 6
8. CHINA AND GLOBAL INFRASTRUCTURE
• China continues to build and finance infrastructure projects in Africa - http://www.sais-cari.org/data-
chinese-contracts-in-africa
• China and the Belt Road - https://www.constructionglobal.com/construction-projects/china-belt-and-road-
initiative-spending-hit-pandemic
• China and developing countries / loans - https://www.reuters.com/article/us-china-emerging-
debt/database-reveals-secrets-of-chinas-loans-to-developing-nations-says-study-idUSKBN2BN0EY
• China and supply chain - https://www.arabnews.com/node/1418636/business-economy
• NATO and China’s control of transportation routes -
https://www.defensenews.com/global/europe/2021/03/04/nato-grapples-with-grasping-chinas-
transportation-clout-in-europe/
PRESENTATION TITLE 2/11/20XX 8
10. INFRASTRUCTURE GAP / UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 10
11. CONSTRUCTION SPENDING/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 11
12. CONSTRUCTION SPENDING/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 12
13. CONSTRUCTION SPENDING/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 13
14. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 14
15. BUILDING PERMITS/ UNITED STATES
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 15
16. BUILDING PERMITS/ CANADA
Source - https://www.mckinsey.com/business-functions/operations/our-insights/reimagining-infrastructure-in-the-united-states-how-to-build-
better#
PRESENTATION TITLE 2/11/20XX 16
17. STATE AND LOCAL GOVERNMENT
INFRASTRUCTURE
Source - https://www.pgpf.org/blog/2020/06/state-and-local-infrastructure-spending-a-closer-look
PRESENTATION TITLE 2/11/20XX 17
19. SUPPLY CHAIN
PRESENTATION TITLE 2/11/20XX 19
Blog – How best to manage your supply chain.
1. Large container ships and emissions - https://www.bloombergquint.com/gadfly/huge-container-ships-biggest-problem-is-emissions
2. Port productivity - https://www.joc.com/port-news/us-ports/tpm21-one%E2%80%99s-nixon-says-us-port-productivity-gaps-mean-
congestion-months_20210302.html
3. Nearshoring - https://investmentmonitor.ai/manufacturing/think-nearshoring-will-bring-back-us-manufacturing-jobs-think-again/
Countries need to be more competitive with their policies in areas of taxation, environment, and other regulatory areas.
4. Data and AI will play a bigger role as part of supply chain management -
https://www.scmr.com/article/the_future_of_supply_chain_management_is_ai_and_data
5. Ability of canal systems to handle the flow of goods - https://www.agcs.allianz.com/news-and-insights/expert-risk-articles/suez-canal-
mega-ships.html
6. Moving supply chain areas from China to manufacturers as part of moving away from China influence - https://www.news-
press.com/story/opinion/2021/03/15/bring-critical-supply-chains-home-biden-china-mineral-markets/4692255001/
7. Standardized ESG reporting including rankings in areas like human rights or environment or other areas – Blog - 10 key ESG and
sustainability trends, ideas for both the Private and Public Sectors - https://www.linkedin.com/posts/paul-young-
055632b_10-key-esg-and-sustainability-trends-ideas-activity-7042799510351212545-
hwpI?utm_source=share&utm_medium=member_desktop
8. Development of new logistic projects like one belt road - https://fortune.com/2021/03/24/china-belt-road-initiative-soft-power/
9. Costs of moving freights - https://www.hellenicshippingnews.com/fbx-index-looking-forward-3/
10. Global inflation - https://www.bloomberg.com/news/articles/2021-03-11/inflation-is-already-creeping-into-some-corners-of-the-world
20. SUPPLY CHAIN RISKS
Here is my work on supply chain - Blog - Strengthening
Sustainable Supply Chains to Lower Emissions -
https://www.linkedin.com/pulse/blog-strengthening-
sustainable-supply-chains-lower-emissions-
young/?trackingId=0fMZE9C8TgCO8T5PLbIIjQ%3D%
3D
Supply Chain Disruption / Suez
The Suez Canal is the latest example of how both the public
and private sectors need to embrace crisis management
including having their crisis management report audited
every year.
https://www.slideshare.net/paulyoungcga/how-to-better-
manage-geopolitical-events
PRESENTATION TITLE 2/11/20XX 20
Source - https://supplychaingamechanger.com/top-10-
global-supply-chain-risks/
21. MONITORING OF INFRASTRUCTURE
ASSETS
PRESENTATION TITLE 2/11/20XX 21
Blog – How best to Identify Climate Risks with Portfolios - https://www.linkedin.com/pulse/blog-how-best-identify-climate-
risks-portfolios-paul-young/?published=t
More monitoring tools - https://community.ibm.com/community/user/communities/community-
home?CommunityKey=3d7261ae-48f7-481d-b675-a40eb407e0fd
Insurance Risk - https://www.thezebra.com/resources/car-insurance/auto-insurance-predictions-2022/
22. BIODIVERSITY / INFRASTRUCTURE
PRESENTATION TITLE 2/11/20XX 22
Blog – Biodiversity – Protecting Wildlife from Traffic and Human through Fending and other Measures –
Municipal and Local Government - https://www.linkedin.com/posts/paul-young-055632b_when-covid-
rules-kept-humans-home-wildlife-activity-7081633458157993984-
PjIf?utm_source=share&utm_medium=member_desktop
https://www.cbc.ca/news/canada/edmonton/animal-movement-gps-study-covid-1.6891448
Biodiversity is key part of ESG and Sustainability Reporting. More needs to be done with public sector
infrastructure including roads and bridges as part of mitigating issues with wildlife and their way of life.
Additional sources and links:
ESG - https://www.slideshare.net/paulyoungcga/introductory-to-esg-and-sustainability-reportingpptx-
257524640
Protection - https://thefurbearers.com/blog/wildlife-fence-on-highway-400-will-save-lives-of-all-species/
25. ESG REPORTING
STANDARDS
PRESENTATION TITLE 2/11/20XX 25
Planning Analytics Community post - https://community.ibm.com/community/user/businessanalytics/discussion/are-you-
ready-for-esg-and-sustainability-reporting-
standards?ReturnUrl=%2fcommunity%2fuser%2fbusinessanalytics%2fcommunities%2fcommunity-
home%2fdigestviewer%3fcommunitykey%3d8fde0600-e22b-4178-acf5-bf4eda43146b
ESG and Sustainability Standards have been finalized (IFRS S1 and IFRS S2). Planning Analytics along with Cognos
Analytics can play a key role with the ingestion of ESG data, especially for scope1, scope 2, and scope 3.
The operational planning cycle will likely include embedding ESG policies as part of the overall budgeting, forecasting,
planning and analysis cycle.
Addressing issues with data management will also play a key role with streamlining the regulatory and operational
reporting cycles.
Blog - First ISSB Reporting Standards Are Out, What Investors and Stakeholders Must Know for ESG and
Sustainability Reporting = https://www.linkedin.com/posts/paul-young-055632b_first-issb-reporting-standards-are-
out-what-activity-7081586781371985920-P0CZ?utm_source=share&utm_medium=member_desktop
26. BIODIVERSITY
PRESENTATION TITLE 2/11/20XX 26
Global biodiversity - Why the proposed changes to Ontario’s Greenbelt matter -
https://www.linkedin.com/pulse/global-biodiversity-why-proposed-changes-ontarios-greenbelt-young
Blog – Rising and Cost of both Wildfires and Forest Fires is leading to more investment in Vegetation and
Forestry Detection Data Services - https://www.linkedin.com/pulse/rising-cost-both-wildfires-forest-fires-
leading-more-investment-paul
Blog – Sector – Public Sector – Hawaii and County of Maui – What is next for the Land -
https://www.linkedin.com/posts/paul-young-055632b_maui-fires-could-disrupt-efforts-to-rebuild-
activity-7097289730895069184-Sm3b?utm_source=share&utm_medium=member_desktop
27. CRISIS, RISK, AND EMERGENCY
MANAGEMENT
PRESENTATION TITLE 2/11/20XX 27
I would also add in the need for all levels of government to have mandator emergency and crisis management
reporting that is tested against geopolitical events. The AG mentions the government was not prepared for pandemic
(https://www.youtube.com/watch?v=d8bx3wWSYbY) as such it makes me wonder if there is a need for annual audits
of all dept/agencies crisis and emergency management plans.
https://www.slideshare.net/paulyoungcga/why-both-the-private-and-public-sectors-need-mandatory-audits-of-crisis-
and-risk-management-reports
Climate change is an issue and always will be an issue. The real key is developing policies that look at all angles of
climate change mitigation!
28. SUMMARY
• Higher material costs continue plague the construction sector
• Cities want more focus on fixing existing infrastructure including roads and bridges
• Addressing issues with water, land, and forest management as part of future urban and rural planning
• Risk and Crisis mitigation plans for wildfires, floods, and other climate events
• Optimization of public transit systems
• Addressing issues with ports, intermodal, warehousing, and other areas as part of addressing issues with the
supply chain
• Streamlining regulations related to development of Oil, LNG, Critical Metals, metals, lumber, cement, and other
products related to the construction sector.
PRESENTATION TITLE 2/11/20XX 28
Blog – Construct
i on Sector Analysis and Commentary – August 2023
Summary:
The outlook for US construction of affordable housing is set to change dramatically over the next
two years. "Developers see a massive shortage ahead, which threatens to undo the recent
progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg.
While interest rates have been increasing, the number of housing projects starting this year has
been cut significantly. 2022 projects will typically come online after 18-24 months, therefore
construction companies are expecting a severe supply shortage by mid-2025.
This slowdown is supported by statistics from the US Department of Housing and Urban
Development (HUD) which received 506 applications as of May, eight months into fiscal year
2023, totalling US$12bn in Federal Housing Administration loans to construct multi-family
developments. This is about half the volume of the same eight-month period in FY22 (940
applications for US$22bn) and less than one-third of the volume for the same stretch in FY21
(1739 applications for US$37bn).
The higher costs associated with inflation and rising interest rates are creating financial gaps
making it hard for developers to complete below-market rental projects, resulting in significant
delays, says Bloomberg.
Single-family construction starts slipped after a four-month run, down seven per cent in June,
while applications for permits rose 2.2 per cent from May, according to the Census Bureau and
HUD.
Source - https://www
.cemnet.com/News/story/175467/us-construct
i on-outlook
-is-about-to-change-for-
crh-and-others.html
Other links and sources
1. Biodiversity / Construct
i on - https://coastcommunitynews.com.au/central-
coast/news/2023/08/biodiversity-overhaul-could-pave-the-way-for-more-housing-construct
i on/
2. CO2 embodying - https://www
.linkedin.com/posts/algomaco_california-becomes-first-state-to-
adopt-mandatory-act
i vity-7095045267430809600-y2pV
/
3. Green Cement - https://environmentjournal.ca/lafarge-canada-pilots-cleantech-project-to-
support-sustainable-cement-product
i on/
4. Building codes - https://www
.buildinggreen.com/newsbrief/marin-county-f
irst-adopt-low-
carbon-concrete-code
5. Energy - https://www
.armstrongceilings.com/commercial/en/performance/sustainable-building-
design/embodied-carbon-in-buildings.html
6. Climate Change Risks - https://urbanland.uli.org/public/climate-risk
-is-financial-risk-the-ever-
evolving-landscape-of-climate-related-financial-disclosures/