American Companies Will Pay a Fifth of Tariffs but Consumers Will Pay the Most
A new Goldman Sachs study shows that while the majority of tariffs will be paid by consumers U.S. companies will get hit hard too. Even as American companies are feeling most of the tariff pain right now, that will gradually shift to consumers as the costs of doing business in importing products are passed along […]
NAHB Pushes Back Against New Lumber Tariffs
The latest round of duties on imported wood is creating a new level of uncertainty about the home building business going forward. When President Trump announced a new 10 percent tariff on imported lumber along with additional duties on some furniture, kitchen cabinets and bathroom vanities, the reaction from the industry was as expected. “These […]
Will New Trump Tariffs Bring U.S. Furniture Production Back?
Duties on imported furniture could go up substantially but insiders say the return of domestic production remains a challenge. The furniture industry has been subject to the back-and-forth fight over tariff policies as much as virtually any other sector in the American market, with key supplying nations including China, Vietnam and India all being subjected […]
The Lumber Tariff Wars Continue with Canada
Trying to keep track of the latest developments in trade between the U.S. and Canada is a daunting task, especially when it comes to lumber. Even as the two countries appear to have stepped back from the ledge when it comes to retaliatory tariffs – at least for now – lumber continues to be in […]
Furniture Retailers Showing Surprising Strength
It may just be consumers pushing up purchases in advance of tariff-related price hikes but many of the big chains showed better numbers for their most recent quarters. The furniture business has been in a post-pandemic hangover going on three years, its sales impacted not just by consumers turning their attention more to out-of-home spending […]
Tariffs Finally Hit Canadian Wood Shipments to the U.S.
Everyone’s been waiting to see when the bill would come due for the Trump duties on Canadian Lumber. July was the month. Prices of Canadian lumber coming into the U.S. are as much as 60 percent higher than they were just a year ago as tariffs instituted by the Trump administration are fully taking hold […]
25% of Home Renovations in Jeopardy Due to Tariffs
Even as the tariff crisis bounces back and forth, new research shows that homeowners might scale back or even cancel projects. There’s no question that the ever-changing situation with tariffs continues to cause havoc among American businesses but it’s also created problems for homeowners who had been looking at doing renovation projects this year. As […]
The Housing Market Continues to Struggle, Even in Luxury
It was supposed to be a rebound year for the home building sector but stubborn mortgage rates and tariff anxiety are continuing to hold it back. Luxury is no exception. The U.S. housing market remains stuck as we approach the half-way point of 2025 with both new construction and resales down versus prior years and, […]
Ace Aces First Quarter but Warns of Potential Tariff Issues
The big specialty store operation reported a 4.2 percent gain for the period, even as net income declined. As an indicator of the strength of the DIY home improvement and remodeling sector, Ace’s results are encouraging in a retail environment that still remains challenging for the overall building business. First quarter revenues were $2.2 billion, […]
Stanley Black & Decker Price Increases Could Be First of Many
The big tool maker is taking steps to address the current tariff situation which also includes moving some production out of China. In announcing its first quarter results that saw a small decline in revenues but a substantial increase in earnings, Stanley Black & Decker said it had raised prices by “high single digits” in April and was looking […]