Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
the volume reduction was due to three different but related items: inventory adjustments in anticipation of continued economic uncertainty, a wait-and-see approach by customers who are now subject to tariffs on their end products
We’ve been pretty active on that front, Nate. And so far, I think it’s fair to say most clients are taking kind of like a wait and see approach.
It's hard to know just because we're so early in the game. Many of the expensive components have already been ordered and are in hand.
If tariffs and other policy changes hurt the economy or make construction more expensive, that will impact our customers and that would in turn impact us.
On the cost side, about 60% of our costs are either labor or energy and we do not see any tariff impact on any of that.
Assuming the worst, it could drive up the cost of building supplies.
The lending environment remains tempered as economic uncertainty and ongoing changes in trade policies weigh on customer sentiment and loan demand.
homebuilder sentiment waned somewhat as the quarter progressed and prospective buyers turned more cautious in response to elevated uncertainty surrounding tariffs in the broader economy.
We're being very careful... we put on enhanced underwriting because of the tariffs.
the impact of tariffs may add some uncertainty.