Tag: Tariff
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Supreme Court questions Trump’s tariff powers in landmark case
Supreme Court justices who will decide the legality of President Donald Trump’s unlimited use of tariffs under a self-declared national emergency questioned both sides of a historic case in a hearing on Wednesday. During over two and a half hours of oral arguments, the nine-member panel focused on the scope of presidential power, the meaning…
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Warehouse demand grows as companies push through tariff uncertainty
Dive Brief: Demand for U.S. industrial real estate space surged in Q3, with net absorption reaching its highest level since Q1 of 2023, according to commercial real estate giant Colliers. Net absorption, or the change in occupied space, was 60 million square feet in Q3, an increase of nearly 20 million year over year. Despite…
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Amid tariff, job and supply concerns, multifamily pros prioritize occupancy
For years, apartment operators have circled late 2025 and 2026 as a time when new apartment deliveries would begin to slow, allowing them to tamp down on concessions and even increase rents in high-delivery markets. As expected, new deliveries are falling. At the end of August, 686,000 units were under construction, a 20.2% year-over-year drop,…
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Construction weighs tariff hopes, doubts in H2 2025
Listen to the article 9 min This audio is auto-generated. Please let us know if you have feedback. Five months after President Donald Trump’s Liberation Day on April 2, nearly every project that breaks ground carries a higher price tag. Steel, aluminum, copper and a host of other inputs today carry hefty import duties as…
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EU tariff deal includes lumber, steel and copper
The United States and the European Union formalized the terms of the framework trade agreement the two trading partners announced at the end of July, per a joint statement published by the White House Thursday. The statement provides additional clarity and detail surrounding the terms U.S. President Donald Trump and European Commission President Ursula von…
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Tutor Perini fends off tariff impacts as backlog doubles
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. For years, Tutor Perini executives have asked investors for patience as the company worked through dispute resolutions on older projects and ramped up new, multibillion-dollar jobs. That patience is now paying off. The Los Angeles-based contractor had…
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Jacobs cashes in on data center, AI boom despite tariff uncertainty
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Though some builders are experiencing a slowdown, Jacobs is taking advantage of high-growth construction sectors, according to its fiscal third quarter earnings call on Tuesday. The Dallas-based contractor cited strong demand across advanced facilities and consulting services,…
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Stanley Black & Decker to raise prices again, navigate $800M tariff impact
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Stanley Black & Decker plans to raise its prices again this year as tariff costs continue to weigh on the world’s largest toolmaker. The company initially expected a tariff impact as high as $1.7 billion,…
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Construction costs rise as tariff clock ticks
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction input prices ticked up 0.2% in June, driven by increases in key materials such as copper and fabricated structural metal products, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor…
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Tariff fallout leads to layoffs at Massachusetts concrete firm
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Pittsfield, Massachusetts-based Unistress Corp. and its subsidiary, Berkshire Concrete Corp., are laying off 233 workers, according to a Massachusetts Worker Adjustment Retraining Notification notice filed for the week ending June 27. CEO Perri Petricca said…