Construction Activity Strong in 2015, Rental Rates Continue Upward Trend
DEC 31, 2015 - 5:30 am
Wells Fargo’s John Crum takes a look at the construction industry environment, including information from a survey of construction industry executives who expressed a sense of optimism during the first three quarters of 2015. The last five years have witnessed slow but steady growth, and he sees significant opportunities for equipment financing and leasing in 2016.
For nearly 40 years, Wells Fargo Equipment Finance and its predecessors have surveyed construction industry executives annually to better understand the unique challenges that decision-makers face. Over the last five years, slow but steady growth has made this industry more and more appealing.
The results of Wells Fargo’s 2015 survey of construction industry executives revealed a sense of optimism that has held up well through the first three quarters of this year. Two themes that played out in 2015 were that equipment rentals would remain strong and equipment acquisitions would likely rise, although at a pace that most industry participants would like to see more accelerated than is currently taking place.
Being a leader in today’s equipment finance industry takes a sense of purpose, advocating for oneself and being flexible. Amy Gross, executive vice president of the commercial vendor and government divisions at Key Equipment Finance, says being a parent while... read more
Believing in the leadership motto, “Learn more, inspire more, do more,” Ricardo E. (Ricky) Rios, chief operating officer of Commercial Equipment Finance, also models his life after it. Following his passion for self-development, Rios has taken Commercial Equipment Finance to... read more