Construction Activity Strong in 2015, Rental Rates Continue Upward Trend

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.

Read Crum’s full article here.

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