Construction

• Meta is financing multiple natural gas power plants in Louisiana to exclusively supply electricity for its massive new data center supporting AI operations. • The project addresses surging energy demands from AI training, with the plants designed to generate dedicated power bypassing the public grid amid national infrastructure strains. • This move highlights tech giants' shift toward self-funded energy solutions to avoid burdening consumers and accelerating U.S. data center expansion.

Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete pricesOne of HS2’s biggest contractors has warned the government that raising tariffs on foreign steel imports will “exacerbate” cost pressures for the UK construction industry, amid growing concern over the £100bn railway’s rising budget.Ministers said last week they would double the tariffs on imported steel and slash the amount that can be bought from overseas, in an attempt to save Britain’s struggling steelmakers. Continue reading...

• U.S. secondary-level economic statistics including construction indicators and business activity assessments will provide key signals for market sentiment early in the week. • Investors are preparing for a busier trading week with March flash PMI surveys from major economies, inflation data from Japan and UK, and U.S. consumer indicators due for release. • Market focus has shifted from traditional macro releases to monitoring oil prices, bond yields, and geopolitical developments, with these factors now setting the primary tone for equity sector rotations.

The US Senate passed a broad bipartisan housing bill on March 12, 2026, aiming to increase construction and limit institutional ownership of single-family homes. The White House endorsed the measure on March 2, highlighting its potential to address affordability challenges. Its path in the House remains uncertain amid midterm pressures. Lawmakers from both parties cite high home prices as a top voter issue, with implementation depending on state and local policies.

The US Senate passed a broad bipartisan housing bill on Thursday, March 12, 2026, aiming to boost construction and limit institutional ownership of homes amid affordability crisis. The measure responds to median home prices at $398,000, five times median income, pressuring both parties before midterms. Its path in the House remains uncertain despite White House support announced March 2. Implementation could take time due to state and local regulations.