Data released today by the U.S. Census Bureau showed retail sales growth in May despite a downturn in overall sales amid fluctuating tariffs on imported merchandise, according to the National Retail Federation (NRF). May retail sales in the building and …
Read More »Tag Archives: tariffs
Home Improvement Market Growth Slows Amid Economic Headwinds
The total home improvement market is projected to grow 3.4% in 2025, a reduction from the 5% growth projected in the Home Improvement Research Institute’s (HIRI) June outlook. HIRI announced findings from its latest U.S. Size of the Home Improvement …
Read More »Orgill Executives Provide Insights on Navigating Market Volatility
Headline after headline warns of the impending impact of global economic shifts, tariffs and other supply chain challenges on retailers. To better understand the realities of what’s happening in the hardlines supply chain and how retailers can best prepare for …
Read More »Mortgage Rates See Uptick in April
Mortgage rates increased slightly in April, with the average 30-year fixed-rate mortgage landing at 6.73%, according to Freddie Mac. An analysis from the National Association of Home Builders notes the rising rates followed a sell-off in U.S. Treasury securities, driven …
Read More »Retail Sales Rise Moderately in March Amid Tariff Concerns
The National Retail Federation’s (NRF) CNBC/NRF Retail Monitor recently reported increased retail sales in March following two months of declines. Although sales grew, the gains were moderate due to concerns of rising tariffs. The U.S. Census Bureau’s Advance Monthly Sales …
Read More »Paused Tariffs Offer Temporary Relief for Consumers
Days after sweeping tariffs were announced, President Donald Trump has paused tariffs for most nations for 90 days and increased tariffs on Chinese imports to 125%. As a result of these tariffs, Hackett Associates founder Ben Hackett says imports during …
Read More »Houzz Reports Softer Q2 Expectations for Construction and Design Sectors
Houzz, an online design forum, released its Q2 2025 Renovation Barometer, which tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector. The report found that businesses across the construction sector and the architecture …
Read More »Import Cargo Levels Continue Rising Amidst Tariffs
As the U.S. continues to grapple with tariffs, imports at the nation’s major ports are expected to remain elevated through this spring but volume could see year-over-year drops this summer, according to the Global Port Tracker report released by the …
Read More »