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The latest report from the U.S. Bureau of Labor Statistics shows the construction sector added 33,000 jobs in January, bringing total construction employment to more than 8.3 million workers nationwide. The gain represents one of the largest monthly increases since mid-2023 and was driven largely by hiring among nonresidential specialty trade contractors.

The upward pricing trend that carried into the new year is continuing through February and into March, with a steady stream of plumbing, hydronic, HVAC and PVF manufacturers announcing increases. While many adjustments are landing in the low- to mid-single-digit range, several manufacturers are implementing category-specific or “various” increases, with select product lines moving higher.

In a statement following President Donald Trump’s 2026 State of the Union address, ABC President and CEO Michael Bellaman emphasized that while the construction industry remains resilient, affordability pressures and policy uncertainty are weighing on contractors across market segments.

The ruling invalidates the administration’s across-the-board emergency tariffs, including the baseline 10% global duties that had applied to a wide range of imported goods, including those heavily relied on by the PHCP-PVF  supply chain, such as imported components, castings, steel, aluminum, electronics and finished equipment.