Tag: Tariff
-
Skip The Tariff Talk: 20 Made In America Home Brands We Love
—
by
Let down your guard: this is not a stuffy lecture about buying American-made product. (I’m sure you’ve heard enough of that on the news over the past few months!) I’m not here to stoke your tariff fears or to shame you for buying globally-sourced home goods. I am here, however, to provide a resource –…
-
Public builders flag initial tariff impacts
In the first earnings season for public construction companies since President Donald Trump announced blanket tariffs for most countries on April 2, C-suite executives mostly downplayed the impacts of that policy shift. Leaders at Irving, Texas-based Fluor, for instance, told investors that most of their customers were forging ahead with plans in spite of broader uncertainty.…
-
Stanley Black & Decker raises prices to mitigate tariff impacts
Revenue: $3.7B Down 3% year over year Net Earnings: $90.4 million Up nearly 4x YoY EPS: 60 cents Versus 13 cents YoY Dive Brief: Stanley Black & Decker is raising its prices and retooling its supply chain to mitigate tariff impacts, executives said on an April 30 earnings call. The tools manufacturer…
-
Backlog hits nearly 2-year high despite tariff worries
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Despite the threat of tariffs, construction backlog rose to its highest level since September 2023 and contractors’ confidence in their future profit margins grew, according to an Associated Builders and Contractors survey April 22 to…
-
KPMG rolls out AI-powered tool for mitigating tariff risks
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: KPMG has rolled out a new tool designed to help clients navigate “an increasingly complex trade and tariff landscape,” the Big Four accounting and consulting firm said in a May 1 release. The tool, which…
-
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…
-
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…
-
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…
-
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…
-
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…