How Contractors Can Navigate Growth Amid Tariffs and Economic Uncertainty

Contractors today face a complex economic environment marked by lingering inflation, high interest rates, and significant shifts in global trade policy. The proposed expansion of tariffs threatens to raise the cost of materials, while a persistent labor shortage makes it difficult to hire skilled workers. Despite these headwinds, contractors who adopt a strategic approach to sourcing, financing, and operations can not only weather the storm—but position themselves for long-term growth.  

Proposed tariffs could have wide-reaching effects on construction costs. While these tariffs may encourage domestic manufacturing in the long run, they are expected to raise the short- to medium-term cost of essential building materials—especially lumber, steel, and appliances.