End to Port Strike Thwarts 'Significant Impact' on Home Construction and Prices-and Havoc on U.S. Economy

ILA President Harold J. Daggett warned that a prolonged strike would mirror the broad disruptions that could cause layoffs in construction, illustrating the vital role ports play in the U.S. economy. He emphasized, 'Everything in the United States comes on a ship. They go out of business. Construction workers get laid off because the materials aren't coming in, the steel is not coming in, the lumber is not coming in.'

National Association of Home Builders Chief Economist Robert Dietz highlighted concerns about the impact of the strike on building materials, stating that while under 10% of products are imported, any prolonged disruption could still severely affect construction. He noted, 'A strike lasting more than two weeks could... drive prices up, and snarl supply chains for months to follow.'

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