Perspectives With copper up 40%, uncertainty’s the theme for 2025 What’s the mood among US project owners right now? We asked George Swetz, Executive Vice President & General Manager of Skanska Integrated Solutions (SIS), based in Boston. The prevailing tone…
News US labour and materials costs rise as builders await tariffs The cost of materials and services used in nonresidential construction in the US rose 0.2% from May to June and 2.3% from June last year, the biggest 12-month increase since…
News Trump’s policy chaos is shrinking private construction, employers group says US construction spending in May saw its biggest year-on-year slump in six years as developers delay or cancel projects amid confusion over US President Donald Trump’s policies on tariffs, labour…
News Belgian pharma company to invest $5bn on US factory Belgian pharmaceutical company UCB says it plans to invest $5bn in a US factory to avoid President Trump’s tariffs on the EU. It makes drugs to treat diseases of the…
News California turns to AI to speed up wildfire reconstruction As builders and homeowners in Los Angeles worry about President Trump’s tariffs raising the costs of rebuilding after the wildfires, they can take some comfort in California’s new high-tech approach…
News Prices up, confidence down after 100 days of Trump 2.0 Tuesday marked the 100th day of President Donald Trump’s second term in office and there are signs of stress and jitters in the US construction industry, with rising prices, falling…
Machinery, News Europe slaps more tariffs on Chinese mobile access equipment The European Commission, the main executive body of the EU, has imposed extra “anti-subsidy” duties on Chinese mobile access equipment such as forklifts, scissor lifts and boom lifts. Ranging from…
News Trump tariff chaos makes Dow pause $8.4bn plant in Canada US chemical producer Dow has pressed pause on its plan to build the world’s first net-zero chemical plant in Canada, broadcaster CBC reports. It was planning to invest US$6.5bn on…
News West Bengal’s $1.9bn power and industrial complex to capitalise on Trump chaos Maharashtra-based JSW Energy has started building a 1.6GW coal power plant and industrial park in the Indian state of West Bengal, in part to capitalise on the global economic chaos…
News Will Trump’s tariffs make a white elephant of Canada’s new bridge to Detroit? Canada’s C$6.4bn Gordie Howe International Bridge linking Windsor, Ontario and Detroit, Michigan is due to open in September, but President Trump’s trade war on Canada could make it a white…
News ‘Devastated’: $300m US recycling plant cancelled over tariffs A US company has cancelled plans to build a $300m plastic waste recycling plant in Erie, Pennsylvania, citing concerns about the financial case for the project in light of cuts…
News JCB boosts size of new Texas factory to cope with Trump’s tariffs UK-based construction machinery maker JCB will increase the size of a new factory being built in Texas to soften the impact of Donald Trump’s tariffs. The company said today that…
News Aluminium alert: US jobs at risk from 25% tariff on critical metal President Donald Trump’s 25% tariffs on all steel and aluminium imported into the US took effect today, with likely cost hikes for construction, and a warning of 100,000 US jobs…
Markets Trump pauses tariffs after markets slide US President Donald Trump sowed more tariff confusion on Thursday when he paused the 25% tariffs on all goods coming into the US from Canada and Mexico that he put…
News Tariffs to cause ‘dire’ affordability crisis in Canada and US, housebuilders warn Housebuilders on either side of the 49th parallel have warned that President Trump’s 25% tariffs on Canadian imports, and Canada’s retaliatory tariffs, would drive up the cost of residential construction…
News Builders welcome Trump’s 30-day tariff pause US house builders have welcomed Donald Trump’s 30-day pause on his plan to impose 25% tariffs on imports from Canada and Mexico, but they urge more dialogue to make the…
News Trump’s tariffs will stoke US housing crisis, builders say Donald Trump’s 25% tariffs on goods imported from Canada and Mexico, announced Saturday, will raise the cost of vital materials used in residential construction and fuel the housing affordability crisis,…