Items Tagged with 'economy'

Tariffs, supply chain woes, and market shifts challenge metal construction. Experts at METALCON stress adaptability as pricing volatility and policy uncertainty persist.

Rising steel and aluminum costs, driven by tariffs and global shifts, are shaking up U.S. construction — especially roofing. Contractors face tough choices: absorb costs, pass them on, or rethink materials.

Construction added 19,000 jobs in February, signaling strength despite economic uncertainty. Roofing contractors may benefit, but policy shifts could impact growth.

President Trump made good on his promise to enact 25% tariff on imports from Canada and Mexico, and a 10% additional tariff on Chinese goods effective March 5, shaking markets and raising costs for industries. Some roofing contractors and distributors are already adjusting prices.

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.