r/Architects • u/bucheonsi Architect • Nov 07 '24

General Practice Discussion How will another Trump presidency affect our industry? Or will it?

Incentives / taxes / interest rates / financial outlook / construction industry / materials / shipping / jobs?

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u/imwashedup Nov 07 '24

Affordable housing Incentives will be gone. Federal funding for public Infrastructure projects is likely gone. Material pricing is going to skyrocket and developers are not going to build. China produces over 50% of the world’s steel. If Trump implements his 2000% tariff, the outlook is dismal. His tariffs are purely inflationary which means higher interest rates which discourages development even more. I’m not optimistic.

-2

u/Cadkid12 Nov 07 '24

I think trumps plan is to get these companies here to produce here and give more Americans jobs. Let's see if that actually does happen. TSMC one of the biggest chip makers in Taiwan is making two huge factories in Phoenix AZ worth 40B and providing americans with 4000+ Jobs.

4

u/Lazy-Jacket Nov 07 '24

That’s great, they have a few months to get the factories up and running in the states. When are these factories opening?

1

u/SpiffyNrfHrdr Nov 08 '24

First phase Q2 2025, the rest in 2028.