Items Tagged with 'economy'

Beacon posted record Q4 net sales of $2.40B, up 4.5%, and full-year sales of $9.8B, despite EPS falling short. Strong EBITDA, acquisitions and expansions bolstered its Ambition 2025 strategy.

Owens Corning reported $11.0B in 2024 sales and $2.0B adjusted EBIT, despite a Q4 net loss of $258M, as strategic moves, acquisitions, and divestitures reshape its future.

President Trump’s announced 25% tariffs on steel and aluminum imports have fueled talk of economic uncertainty, disruption of supply chains and an escalation of global trade tensions.

Houzz’s 2025 State of the Industry Report echoes Roofing Contractor’s findings, highlighting rising costs and labor shortages. Yet, nearly three-quarters of roofing and other specialty contractors expect growth driven by tech adoption, service expansion, and high-budget projects.

A new report by investment bank Brown Gibbons Lang & Company says the U.S. roofing market is projected to grow 4.5% annually through 2030; drivers include non-discretionary re-roofing, rising material costs, sustainability, and industry consolidation.

President Trump announced a one-month pause on tariffs against Mexican imports after speaking with Mexico's President Claudia Sheinbaum; tariffs on all imports from Canada and China remain in place and are set to take effect Feb. 4. The tariffs still can affect costs in roofing and construction.

Asphalt roofing shipments dipped in Q4 2024, continuing a seasonal trend, but the year saw record highs in several categories, including the strongest year for U.S. shingle shipments since 2017 despite growing interest in roofing materials like metal.

December’s PMI rose to 49.3%, with new orders at 52.5%, signaling cautious optimism amid governance changes, tariff concerns, and rising costs in manufacturing sectors.

At 2024’s start, The JIAN Group forecasted volatility in housing amid election cycles, mortgage rates, and falling commodity prices. By year-end, long-term growth prevailed despite challenges.

A new Trump Administration could bring sweeping changes to several business sectors, including roofing and construction. Trent Cotney weighs in.