Trump’s Tariffs; Nonresidential Construction Spending Soars
Dr. Yandle: Will Mr. Trump’s Tariffs Bring a Trade War or America’s Golden Age?
On April 2, 2025, President Trump made good on his promise to initiate a massif round of tariffs increases to be immediately imposed by United States on nations worldwide. The new tariffs carry a 10% baseline to be charged all countries and higher tariffs based on 50% of what other countries impose on the United States. Some view Trump’s move as the start of a serious trade war. Others, see the action as the first step in a long overdue negotiating process. In any case, the action is already painful. In response the next day, more than $2 trillion in value was erased in U.S. financial markets. Read More
Nonresidential Construction Spending Rises to Highest Level on Record in February
National nonresidential construction spending increased 0.3% in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.255 trillion. Read More
FMI and CIRT Publish First Quarter Sentiment Index
The first quarter 2025 CIRT Sentiment Index increased to 67.9 from 64.1 in the fourth quarter of 2024. However, the outlook isn’t as positive among those focused solely on design, with the Design Index falling to 61.8 from 71.1. Read More
Focus on the Clients for Success
It’s been said there is no reason for any business to exist without filling a want or need of a client or customer. AEC firms are no exception. They have to meet the wants or needs of their clients. Yet sometimes I think we forget how important to our success that really is. Firms with owners who really understand how powerful this idea is don’t do things like all the other firms in our business. Read More
Make Your Website Work as Hard as You Do
Your construction company’s website should be more than a placeholder, it should actively bring you new business. If your site isn’t showing up on Google or engaging visitors, you’re leaving money on the table. Read More
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