Real Estate
‘Made in USA’ Revival Sparks Building Boom, 506% Rally in Value
- Construction companies benefit as manufacturing returns to US
- Sterling Infrastructure’s market cap surged 506% in four years
A factory in Clyde, Ohio, US.
Photographer: Luke Sharrett/Bloomberg
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When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy.
“The first fifteen years of my career were more about consolidation. Moving manufacturing to Mexico or Asia or to Eastern Europe,” Cutillo said in an interview. “It is truly the first time in my life I’ve seen stuff coming back.”