US construction in flux: Market assesses banking crisis, rising labor costs and a $1tn bill
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

US construction in flux: Market assesses banking crisis, rising labor costs and a $1tn bill

Jairo Ibarra
March 27, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
construction-site-silhouette-istock-96318820.jpg

US construction market participants have warned that the collapse of Silicon Valley Bank (SVB) and Signature Bank – and the potential for contagion to other regional banks – could impact both the demand for insurance protection and the loss profile of the class.

So far, the effects of SVB and the forced sale of Credit Suisse to UBS have been contained. However, construction executives expressed concerns about potential effects of a deterioration of the banking sector on both commercial and residential projects,...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsConstruction
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article