1031 ET - Century Communities expects tariffs to have a greater impact on the remodel market, says Executive VP Jim Francescon in an interview. The Denver home builder adds that it's continuing to work with its suppliers but stressed that things remain fluid. "Typically suppliers will keep a number of months of supply on hand. So if this is just a short-term negotiating tactic, the new home builders may not even feel it," says Francescon. While the U.S. paused plans for 25% tariffs on imports from Mexico and Canada for one month, a 10% levy on imports from China went into effect today. Shares rise 2.2% to $76.29, recouping most of the previous sessions losses. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
February 04, 2025 10:31 ET (15:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.