President Donald Trump has announced a proclamation to delay increases on tariffs for upholstered furniture, kitchen cabinets and vanities until Jan. 1, 2027, invoking Section 232 of the Trade Expansion Act of 1962. In October, the White House imposed a …
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Sawmill Production Flat Over Last 2 Years
In an analysis of the Federal Reserve G.17 Industrial Product report, the National Association of Home Builders (NAHB) found that sawmill production has remained essentially flat over the past two years, according to the report. According to NAHB, the sawmill …
Read More »Consumer Priorities Shift in Home Improvement Amid Tariff Fluctuations and Price Hikes
In a market currently dominated by tariff concerns, rising prices and economic shifts, consumers in the home improvement industry have shifted their purchasing priorities, according to the Home Improvement Research Institute’s analysis of OpenBrand’s consumer tracking survey. More consumers are …
Read More »Tariffs Drive Up Cost of Canadian Softwood Lumber Imports
Trade-related costs of Canadian imports have recently increased due to adjustments to antidumping and countervailing duty rates and the imposition of Section 232 tariffs, according to the National Association of Home Builders’ Eye on Housing. The average duty rate on …
Read More »New Tariffs Target Truck Imports
Starting Nov. 1, the U.S. will charge new tariffs on heavy-duty and medium-duty trucks and buses, per an executive order signed by President Donald Trump. Imports of medium- and heavy-duty trucks and associated parts will receive a 25% tariff, with …
Read More »HIRI: The Impact of Recent Tariffs on the Home Improvement Industry
The sweeping effects of tariffs in 2025 have impacted almost every industry, including the home improvement and construction industries. The Home Improvement Research Institute and Datavations’ Tariffs and Toolbench webinar unpacked the costly effects these tariffs are having on particular …
Read More »New Lumber Tariffs to Take Effect in October
New tariffs on lumber and timber have been announced in a recent proclamation from President Donald Trump. A 10% tariff on foreign softwood lumber and timber and a 25% tariff on kitchen cabinets, vanities and upholstered wooden furniture will be …
Read More »Tariffs Expected to Drive Down U.S. Import Cargo Volume Through End of 2025
Import cargo volume at major U.S. container ports is expected to decline steadily for the remainder of 2025 amid rising tariffs, according to the National Retail Federation’s (NRF) Global Port Tracker report. “We have seen the implementation of reciprocal tariffs …
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