Tag: Tariff
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Granite shrugs off tariff impacts, hints at new IIJA
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Granite Construction paved its way to increased revenue and backlog in the first quarter of 2025, even as its net loss widened from a year ago and tariff worries cropped up on its radar. The…
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Construction spending plummets on tariff fears
Dive Brief: Nonresidential construction spending fell 0.5% in March to a seasonally adjusted annual rate of $1.25 trillion, retreating from February’s record-setting high, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Thursday. Spending declined in 11 of the 16 nonresidential subcategories, with private nonresidential construction dropping 0.8% and public…
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Tariff fears ‘settling down’: Graycor Southwest lead
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Tariff fears are abating as the Southwest’s construction landscape heats up due to demand for data centers and chip fabs, according to Graycor Construction’s new general manager of the region. The Oakbrook Terrace, Illinois-based firm and other…
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Cost Guide to Navigate Tariff Impacts on Home Renovations
The aspiration for a beautifully renovated home, whether a brownstone in Brooklyn or a bungalow in Los Angeles, can feel somewhat constrained by rising costs. A significant factor influencing these expenses in major US cities today is the ongoing impact of tariffs on imported building materials. From structural steel used in high-rise renovations to the…
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Tariff Pressures Mount as Construction Backlog Hits 8.5 Months
The latest data from Associated Builders and Contractors (ABC) shows a slight uptick in construction backlog across nonresidential sectors, but growing concerns over newly announced tariffs are beginning to influence contractor confidence. According to ABC’s Construction Backlog Indicator, the average backlog among surveyed contractors increased to 8.5 months in March, up 0.3 months from the…
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Roche, answering tariff threat, pledges $50B to US drug production
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Roche is the latest drugmaking planning to expand drug production in the U.S., announcing Tuesday a pledge to spend $50 billion over five years on new and existing manufacturing facilities in several states. The…
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Cut Tariff Costs with Smarter Material Choices via Ansys Granta
With new waves of import tariffs creating uncertainty across global supply chains, engineering and sourcing teams are being pushed to rethink how they select materials. For companies designing and manufacturing physical products, these changes don’t just impact procurement—they threaten timelines, margins, and product performance. That’s where Ansys Granta comes in. Granta provides powerful materials intelligence…
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Your contract can mitigate tariff impacts, if you know where to look
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Mason Hester and Austin Moorman are construction attorneys in the Dallas office of law firm Munsch Hardt. Opinions are the authors’ own. The construction industry, and the larger market itself, is facing uncertainty in light of the…
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Tariff fallout hits contractor confidence
Dive Brief: Backlog improved but contractor confidence still dropped in March as tariff-related impacts dampened some bullishness, according to an Associated Builders and Contractors survey conducted from March 20 to April 6. Around 80% of contractors said suppliers notified them of tariff-related materials price increases, while 20% had projects paused or interrupted because of tariffs…
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Construction materials costs rise for third month on tariff pressures
Dive Brief: Construction input prices increased 0.5% in March, while nonresidential input prices climbed 0.6%, both unusually steep jumps, according to an analysis by Associated Builders and Contractors of U.S. Bureau of Labor Statistics data. Both overall and nonresidential input prices are now 0.8% higher than a year ago and sit more than 40% higher…