Total Construction Construction spending during June 2021 was estimated at a seasonally adjusted annual rate of $1,552.2 billion, 0.1 percent (±1.2 percent)* above the revised May estimate of $1,551.2 billion. The June figure is 8.2 percent (±1.3 percent) above the June 2020 estimate of $1,435.0 billion. During the first six months of this year, construction spending amounted to $736.5 billion, 5.4 percent (±1.0 percent) above the $698.8 billion for the same period in 2020. 1. Construction Materials – https://www.homebuilding.co.uk/news/construction-materials-shortage 2. Input costs - https://www.bdcnetwork.com/construction-input-prices-continue-rise 3. Outlook - https://www.bignewsnetwork.com/news/270560923/global-infrastructure-construction-market-2021-industry-outlook-present-scenario-of-manufacturers-analysis-and-research-study-by-2027 4. Lumber - https://theorca.ca/visiting-pod/lumber-seen-as-the-bad-guy-for-rising-housing-costs/ 5. 3D - https://constructionreviewonline.com/machinery-equipment/7-advantages-of-using-a-3d-printer-in-construction-projects/ 6. Automation - https://constructionreviewonline.com/management/construction-industry-goes-robotic/ 7. Robots - https://www.theglobeandmail.com/business/article-how-robot-carpenters-could-help-solve-canadas-housing-crisis/ 8. Robots - https://www.forconstructionpros.com/construction-technology/news/21271661/purdue-construction-robots-can-match-building-materials-to-bim 9. Technology - https://www.rhumbix.com/10-new-construction-technology-trends-to-watch/ 10. Risks - https://riskandinsurance.com/sponsored-3-ways-the-construction-industry-can-build-resiliency-into-risk-management/ 11. Infrastructure https://infrastructurereportcard.org/

1. CONSTRUCTI
ON SECTOR
– UNITED
STATES
Presenter Name: Paul Young CPA CGA
August 3, 2021

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
Contact information: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga

3. AGENDA
• Construction Permits
• Infrastructure GAP
• Innovation
PRESENTATION TITLE 2/11/20XX 3

4. CONSTRUCTION
PERMITS
Source - https://www.census.gov/construction/c30/c30index.html
PRESENTATION TITLE 2/11/20XX 4

5. CONSTRUCTION
PERMITS
Source - https://www.census.gov/construction/c30/c30index.html
PRESENTATION TITLE 2/11/20XX 5
USA Construction -
May 2021 and June 2021.pdf

6. CONSTRUCTION
PERMITS
Source - https://www.census.gov/construction/c30/c30index.html
PRESENTATION TITLE 2/11/20XX 6

7. INFRASTRUCTURE GAP
Source - https://www.census.gov/construction/c30/c30index.html
PRESENTATION TITLE 2/11/20XX 7
Infrastructure GAP
According to the ASCE, public dollars spent on roads, bridges,
water systems, and other infrastructure items fell by 8 percent
between 2003 and 2017. And as the dollars spent on infrastructure
fall, the damage to American pocketbooks increases.
Historically, the report said, as the United States invested in and
grew its infrastructure system – in projects like the
transcontinental railroad, the Hoover Dam and the Interstate
Highway System – the country’s economy and quality of life also
improved.
“Accordingly, a sizeable portion of the nation’s GDP in 1930
(4.2%) was allocated to infrastructure projects, a level of
investment which has significantly dwindled by 2016 (2.5%),” the
report said.
The funding gap leaves Americans at risk. More than 850 water
mains break every day, according to the report, an increase of 27
percent since 2014. Moreover, some 44 percent of America’s
major roads are in poor or mediocre condition and 38 percent of
the nation’s bridges need “repair, replacement or significant
rehabilitation.”
Source - https://transportationtodaynews.com/news/17049-u-s-
infrastructure-needs-exceed-2-trillion-american-society-of-civil-
engineers-says/?amp
Risks
While weeks or months of negotiations will be needed to enact
legislation, Republicans and Democrats are united in their
support for hundreds of billions of dollars in new spending on
infrastructure in coming years. Yet the companies that will be
relied on to pave the roads, build the bridges, lay the water
pipes and assemble the trains aren’t yet planning to meet
those needs, economists and industry insiders say.
And that’s even as they face immediate shortages -- from steel
and cement to the supply of labor -- stemming from the
unprecedented difficulties of a sudden reopening of the
economy after last year’s shutdowns.
“There’s already a labor shortage in construction so you can’t
throw a trillion-dollar nuclear bomb of money into the industry,”
said Bassem Hamdy, chief executive officer of Briq, a
company that runs cost estimates for construction firms. “If you
don’t have workers, how will this ever happen?”
Source - https://www.bloomberg.com/news/articles/2021-06-
04/biden-s-infrastructure-plan-endangered-by-dire-u-s-
shortages

8. SMALL TO MEDIUM-SIZE
MANUFACTURING
Blog – Steps to Futureproofing and Risk-Proofing Your Manufacturing Business - 60 percent of manufacturers and distributors were
impacted by supply chain disruptions during the pandemic.
A global survey conducted by SYSPRO to better understand how manufacturers and distributors handled the operational shifts brought
on by COVID-19 revealed that 60% of manufacturers and distributors were impacted by supply chain disruptions. 47% of businesses
were unable to function due to operational staff reliance on-premises; while 29% of businesses felt that their business systems did not
provide them with the availability and accessibility to manage the changes that the pandemic introduced.
Key areas of focus
1. Automated warehouse
2. Contactless payments and blockchain
3. eCommerce
4. Additive Manufacturing / #3D Printing
•
Source - https://www.canadianmanufacturing.com/features/steps-to-future-proofing-and-risk-proofing-your-manufacturing-business/
My blog - https://www.linkedin.com/pulse/steps-futureproofing-risk-proofing-your-manufacturing-paul-young

9. MUNICIPALITIES
https://fcm.ca/en/resources/mamp/infraguide-national-guide-sustainable-municipal-infrastructure
I have done a lot of work on asset management including different tools. I believe municipalities and cities need to embrace AI,
RPA, and other tools as part of maximizing the usage of their assets.
• https://www.slideshare.net/paulyoungcga/how-to-reform-local-and-municipal-government-237070928 or infrastructure gap -
https://www.slideshare.net/paulyoungcga/how-to-fix-the-infrastructure-gap-canada-and-the-world
There many things need to be dealt with in terms of better leverage funding. The infrastructure bank is not the
solution - https://www.slideshare.net/paulyoungcga/canada-infrastructure-analysis-of-policy-238326543

10. INNOVATION
• 3D Housing – https://www.forbes.com/sites/pikeresearch/2019/11/20/3d-
printed-homes-quietly-gain-traction/#28825e0663bd
• 3D materials market - https://www.globenewswire.com/news-
release/2020/05/29/2040932/0/en/3D-Printing-Materials-Market-Size-
Worth-USD-3-78-Billion-by-2026-Advancements-in-Additive-
Manufacturing-Technologies-to-Benefit-the-Market-Says-Fortune-
Business-Insights.html
• 3D Printing -
https://kootenaybiz.com/technology/article/this_west_kootenay_business_d
oesnt_build_homesthey_print_them
• Demolition / Automation https://www.prnewswire.com/news-
releases/global-construction-robot-market-2019-2025-market-is-expected-
to-witness-a-cagr-of-over-20-to-reach--190-million-300895006.html
• Engineering and Construction Automation -
https://constructible.trimble.com/construction-industry/the-benefits-of-ai-in-
construction
• Cost Management and RPA - https://rsmus.com/what-we-
do/industries/real-estate/construction/transform-your-construction-
operations-through-rpa.html
• RPA / Financial Reporting - https://research.aimultiple.com/robotic-
process-automation-use-cases/
• AI-infused reporting - https://www.ibm.com/analytics/financial-planning-
analysis?p1=Search&p4=p50329262873&p5=b&cm_mmc=Search_Google
-_-1S_1S-_-WW_NA-_-
%2Bfinancial%20%2Banalytics_b&cm_mmca7=71700000060952231&cm
_mmca8=aud-452479374147:kwd-
297740779593&cm_mmca9=Cj0KCQjwpZT5BRCdARIsAGEX0zm9GEtE3
SHDpNGcX34HAw4ut3XhXZxJ64p7SAYAq8msmhG0qQmEjLIaAkyGEAL
w_wcB&cm_mmca10=406181219663&cm_mmca11=b&gclid=Cj0KCQjwp
ZT5BRCdARIsAGEX0zm9GEtE3SHDpNGcX34HAw4ut3XhXZxJ64p7SAY
Aq8msmhG0qQmEjLIaAkyGEALw_wcB&gclsrc=aw.ds

11. RISK MITIGATION
Blog - Disaster Mitigation and Adaption Fund – Canada - https://www.linkedin.com/pulse/blog-disaster-
mitigation-adaption-fund-canada-paul-young/?published=t
This is a great opportunity for Financial Accounting Standards Board (FASB) Chartered Professional
Accountants of Canada (CPA Canada) IFRS Foundation and others to re-look at how reporting can be
standardized in the area of ESG or ESG or other areas as part of mitigating the risks with climate change.
Blog – How best to Safeguard Assets through use of Machine Learning as part of Crisis and Emergency
Management
Both the public and private sectors are impacted by geopolitical events. It is very important for both the public
and private sectors to have audited crisis and emergency management processes and procedures as part of
safeguarding their assets through better crisis, risk, and emergency management reporting.
Here is my work: https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0

12. MAXIMO – MONITORING

13. ASSET MANAGEMENT /
TRIRIGA

14. INFRASTRUCTURE
SPENDING
• Global Infrastructure -
https://www.pwc.com/gx/en/industries/capital-projects-
infrastructure/publications/infrastructure-trends.html
• China continues to fund many large projects around the world -
https://theconversation.com/chinas-worldwide-investment-
project-is-a-push-for-more-economic-and-political-power-125190
• Belt Road Initiative -
https://policyoptions.irpp.org/magazines/january-2020/canada-is-
missing-the-boat-on-chinas-belt-and-road-initiative/
• Canada and failures of the infrastructure bank -
https://business.financialpost.com/opinion/jack-m-mintz-beware-
a-new-infrastructure-bank-canadas-had-enough-of-these-
failures-already or https://torontosun.com/news/national/canada-
infrastructure-bank-approved-bonuses-to-ceo-who-resigned or
https://www.slideshare.net/paulyoungcga/canada-infrastructure-
investment-getting-goods-to-market
• More global infrastructure spending is required –
https://www.etftrends.com/alternatives-channel/data-confirm-
infrastructure-spending-needs-to-increase-asap/
• North American construction to fall by 6.5% for 2020 -
https://www.contractormag.com/construction-
data/article/21135728/north-americas-construction-output-to-fall-
by-65-in-2020

15. WHAT’S NEXT
• All countries will need to re-look at their urban vs rural policies -
https://www.slideshare.net/paulyoungcga/urban-and-rural-
planning-whats-next or
https://www.slideshare.net/paulyoungcga/how-do-you-best-
support-urban-planning-rural-vs-urban
• 3D printing of housing needs to be part of urban planning as
way to reduce the cost of housing as well a make housing more
affordable - https://thespaces.com/is-3d-printing-the-future-of-
affordable-housing/
• China continues to make debt arrangements with developing
countries. More oversight into China’s investments is required -
https://www.slideshare.net/paulyoungcga/china-path-to-global-
domination
• Reforming all levels of government as part of managing key
policies like infrastructure investments -
https://www.slideshare.net/paulyoungcga/public-sector-how-to-
reform-all-levels-of-government
• Adjusting to the new normal -
https://www.slideshare.net/paulyoungcga/new-normal-canada-
and-the-world-february-2021-242624963
• Both the private and public sectors revisiting their data and AI
strategy -
https://ibm.box.com/s/6w39nl609pl1gv1p49lsp87fme7pjlwv

16. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and,
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies