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Daily Real Estate News | October 18, 2004
So. Fla.: Hurricanes Ease Shortage of Concrete
States across the country are experiencing cement shortages as building booms in the United States and China and delivery of overseas shipments slow. As a result, the cost of materials and new-home prices have jumped, and building schedules have been drawn out.
However, the hurricanes slowed construction in hard-hit areas of Florida, allowing contractors in other parts of the state to get their hands on enough cement to satisfy existing orders.
To remedy the shortage, which is expected to worsen once again as soon as widespread rebuilding begins, the Florida Home Builders Association is pressuring federal lawmakers to eliminate tariffs on cement imports from Mexico. These tariffs are equivalent to over 60 percent of wholesale prices.
Source: South Florida Sun-Sentinel (10/14/04); Gerena-Morales, Rafael
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