Tag: tariffs
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New steel, aluminum tariffs will push construction costs higher
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. New tariffs on foreign steel and aluminum will raise construction costs further, adding to price spikes triggered by an initial 25% tariff on the materials earlier this year, according to a June 3 industry webinar hosted by…
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Apartment developers gear up for tariffs
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. As executives at Houston-based Camden Property Trust underwrite their apartment developments with tariffs on the horizon, they’re only figuring in a 2% to 3% increase in construction costs. With the ever-changing threat of tariffs from President Donald…
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It’s not too late to offset tariffs on existing jobs
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Attorneys Stacy Bercun Bohm and Trav Clark focus on construction and related litigation matters at Miami-based law firm Akerman. Opinions are the authors’ own. The impacts of tariffs on imports from countries across the globe are being…
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Construction costs dip, but tariffs hike some materials’ prices
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction input prices decreased 0.1% in April compared to the previous month, while nonresidential construction costs continued their upward march and rose 0.2%, according to an Associated Builders and Contractors analysis of U.S. Bureau of…
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Why Trump’s tariffs alone aren’t enough
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Brian Gallagher is vice president of corporate development at Oakbrook, Illinois-based contractor Graycor. Opinions are the author’s own. I’ll go out on a limb with what may be an unpopular sentiment at the moment: President Donald Trump’s…
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Tariffs trigger pauses on some retail, industrial real estate deals
While it’s too soon to know exactly how tariffs will impact the commercial real estate market, some early cracks are emerging in the retail and industrial sectors, according to Whitley Collins of CBRE, the commercial real estate services company. “If you just look at the tariffs…the biggest impact is on retailers and then the knock-on…
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Fluor says most customers forging ahead despite tariffs
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. In his first earnings call as CEO of Irving, Texas-based Fluor, Jim Breuer addressed questions about how current trade and tariff policies are affecting the contractor and its clients. Breuer, the company’s former COO, took the reins…
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‘There is a skill deficit in quantity surveyors’
A selection of readers’ comments about news and issues in the industry from across the CIOB community and social media. Image: Dreamstime.com What can we do about the shortage of quantity surveyors? Ken Hubble MCIOB sent us a letter about an important challenge facing the industry and what he believes would fix it. From my…
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Martin Lewis says Trump tariffs will bring UK energy bills down ‘but only a little’
Donald Trump’s new trade tariffs are rippling through global energy markets, and UK households could feel the benefit. According to MoneySavingExpert founder Martin Lewis, the “Trump effect” is helping to drive down wholesale energy prices, which means a small drop in domestic bills is likely this summer. The change comes in the wake of US…
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Navigating Transit Tariffs: Strategic Solutions for Agencies
In recent years, the landscape of public transit has been significantly influenced by various economic factors, and now these include tariffs. These tariffs, imposed on imported goods, are expected to lead to increased costs for hardware components essential to transit operations. As transit agencies deal with these financial challenges, it is important to develop a…