Texas has a different kind of ‘foundation problem’ right now

We use it every day for freeways and foundations, pools and patios. In fact, Texas uses more cement than any other state, says Ed Sullivan, the Chief Economist and Senior Vice President of Market Intelligence for the Portland Cement Association. But Covid-19 caused cement supply chain disruptions. And then the February winter storm hit, temporarily knocking cement plants offline and doing serious damage to at least one major facility. Now, this crucial ingredient for concrete is in tight supply just as the peak summer construction season gets underway, and Sullivan says Dallas is the tightest market in the country right now. Home builder Michael Turner can back that up. He tells the Jasons that the daily ration he is getting sometimes isn’t enough to pour a complete foundation for just one new home! Sullivan predicts this will “bridle” economic activity as Texas tries to fully rebound from the Covid slowdown. But in this episode of Y’all-itics, this foremost expert in the industry also forecasts when he thinks this important commodity Texas needs so much…will be back in full supply.